MSMED Act articles

MSME Compliance – MSME Form I

Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this Notification....

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Posted Under: Company Law |

TReDS all Compliance required for registration

TReDS = A Gateway of Finance for MSMEs Seller With the daily changes in the laws taking place around us, a new concept of Trade Receivables Electronic Discounting System i.e. TReDS has been introduced with the MCA notification dated 02.11.2018 which mandates all the companies with turnover of more than Rs 500/- crore to register […...

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Posted Under: Company Law |

Recapitulation of Form-1 MSME and Related Provisions

1. Every Company who get supplies of goods or services from Micro or Small enterprise supplier and whose payments to such entities remain due for more than 45 days from the date of acceptance or the date of deemed acceptance of the goods or services shall submit a half yearly statement in Form- 1 MSME […]...

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Posted Under: Company Law |

Companies to file Return for Delayed Payment to MSME

MSME Form I is the half yearly return to be filled by every specified company with the Registrar of companies. This return contain detail of all the outstanding payments to the micro and small for the goods and services supplied by them. All the payments which is due from more than 45 days needs to be reported under this return....

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Posted Under: Company Law |

Proper Identification of MSME Before Disclosure

The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 protecting the interest of MSME by giving them privilege to get the payment with in time. The Act is not only gives them a shelter for getting payment but also facilitate them to get many privileges in different areas....

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Posted Under: Company Law |

All about MSME e-Form I

1. Applicability of MSME Act: As per Section 7 of THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006, following is the classification of Enterprise on the basis of Investment in Plant & Machinery / Equipment. INVESTMENT IN PLANT & MACHINERY/ EQUIPMENT Manufacturers Service Provider MICRO Doesn’t Exceeds Rs 25 Lakhs Do...

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Posted Under: Company Law |

Registration under MSME and its benefits

1. Introduction: Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of...

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Posted Under: Company Law |

Benefits of MSME Registration In India

The Indian government has always been in favor of providing benefits to Micro, small and medium enterprises (MSMEs). There are many advantages of obtaining MSME registration in India, which can be only availed if the business had registered itself as an MSME/SSI under MSME Act. The following are a few advantages or obtaining SSI/MSME regi...

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Posted Under: Company Law |

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: Company Law |

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: Company Law |

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