MSMED Act - Page 4

Continuation of Credit Linked Capital Subsidy & Technology Up-gradation Scheme- Reg.

Office memorandum No. 41(P)/NMCP/TEQUP/EFC/2017(Pt.-2) (06/03/2019)

The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC)....

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SSI/MSME/Udyog Aadhar Registration

MSME is the short form for Micro Small Medium Enterprises. It is also called as Small Scale Industry (SSI). It is an Act called as MSMED Act, also Micro, Small and Medium Enterprises Development Act, 2006 for the growth of the small business upto the investment for 10 crores in manufacturing sector and 5 crores in […]...

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Posted Under: Corporate Law |

How to file Online Udyog Aadhaar Form

Guidelines for Filling the Online Udyog Aadhaar Form Note: A. EM-I has been abolished. Need not file through Udyog Aadhaar.   B. Udyog Aadhaar (UA) is for running units. No need to apply for upcoming units.  C. New Feature Added for Search Facility of NIC Code to Avoid 3 Step Selection of NIC Activities.  D. OTP […]...

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Posted Under: Corporate Law |

MSMEs Interest Subvention Scheme: Salient features & operational guidelines

RBI/2018-19/129 DNBR (PD) CC.No.096/03.10.001/2018-19 (22/02/2019)

Interest Subvention Scheme for MSMEs aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial years FY 2019...

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MSME sector: Eligibility for loan restructuring without GST-registration

RBI/2018-19/127 DBR.No.BP.BC.26/21.04.048/2018-19 (22/02/2019)

It is clarified that the eligibility for restructuring without GST-registration, as per the circular under reference, should be determined on the basis of exemption limit obtaining as on the date of the aforesaid circular, i.e., January 1, 2019....

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Recovery and Confirmation of MSME Creditors by Companies: A New Revolution for MSME Sector

Present Situation  In the today’s era in India, delayed payment from debtors or customers are the biggest problem with which the business entities are facing. At present the situation so bad that almost every second business unit is willing to take the advantage of usage of working capital of its supplier and does not want to [&hellip...

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Posted Under: Corporate Law |

Interest Subvention Scheme for MSMEs

RBI/2018-19/125 FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 (21/02/2019)

The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial years FY 2019 and FY 2020....

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MSME, Governance Initiative and Key points for Finance Professionals

MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes. Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2...

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Posted Under: Corporate Law |

Unregistered MSME will also be treated as ‘supplier’ u/s 2(n) of MSMED Act

M/s Ramky Infrastructure Private Limited Vs Micro And Small Enterprises Facilitation Council & ANR (Delhi High Court)

Hon'ble HC held that an entity which falls within the definition of the micro/small enterprise will be treated as a ‘supplier’ under Section 2(n) of the MSMED Act even if it has not filed a Memorandum as required under Section 8(1) of the MSMED Act....

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Filing regarding amount dues to MSME- Things to Know

THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 This act was enacted for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto. This act came into force on 16th June 2006. Under this act Enterprises are cla...

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Posted Under: Corporate Law |

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