Finance : Discover the crucial role of MSMEs in India's economic development, from classification to registration and benefits. Learn how MS...
Company Law : Understand Form MSME-1 filing requirements and penalties under the MSMED Act. Learn about deadlines, required information, and com...
CA, CS, CMA : Discover the essential 2023-24 Audit Manual for SMEs. Stay updated with changes in CARO 2020, Schedule III, and more. Download edi...
Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...
Income Tax : Learn about Section 43B(h) of the Income-tax Act, 1961, allowing deductions for MSME payments only on actual payment basis. Unders...
Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...
Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...
Corporate Law : This webinar titled “How MSMEs Recover Payment without Court” provides valuable insights and strategies for recovering...
Corporate Law : Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Ent...
Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...
Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...
Corporate Law : Explore Allahabad High Court's judgment on predeposit under Section 19 of MSMED Act in the case of Docket Care Systems Vs. Hariwil...
Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...
Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...
Income Tax : Delhi High Court held that in respect of Special Audit remuneration under section 142(2D) of the Income Tax Act invocation of prov...
Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...
Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...
Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...
Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...
Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...
The interventions by Government for MSMEs, have been gaining rapid traction. Under the Emergency Credit Line backed by a Government guarantee, Banks from Public & Private Sectors have so far already sanctioned loans worth over Rs. 79,000 crore as of June 20, 2020, of which more than Rs 35,000 crore has already been disbursed.
Whether the NCLT was correct in passing an order of initiation of the CIRP against a MSME without considering the fact that the minimum threshold limit of filing application in NCLT has been increased to Rs. 1 Crore?
Introduction The world is battling with horrors like the COVID-19, which has left the entire world to a standstill. MSME is the maximum hit sector due to this global pandemic. So considering this fact that the MSME sector is the lifeline of the Indian economy, the government announced immediate relief measures to re-energise this sector. […]
IBC refers to Insolvency and Bankruptcy Code, 2016, the Bankruptcy Law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. Certain provisions on Insolvency Law deals with Micro, Small and Medium Enterprises (MSME’s) which are reproduce below for reference. 1. Section 29A of IBC, 2016: Insolvency […]
In this editorial author shall discuss about MSME,Criteria for Registration under MSME, Industries which are allowed to register under MSME and Process of Registration under MSME. MSME stands for ‘Micro, Small & Medium Enterprises”. Earlier in India, there were the following Acts: √ The Coir Industry Act, 1953 √ The Khadi and Village Industries Commission […]
After declaration of economic stimulus package ‘ATMANIRBHAR BHARAT PART 1’ ON 13/05/2020 by finance minister which was largely related to MSME, most of persons are curious about MSME units and it has been one of the most searched words in the web world of Indian sub-continent. To enlighten the public at large on various relevant […]
Introduction of topic From a worldwide perspective, it has been recognized that micro, small and medium enterprises (MSMEs) play a vital role in economic development, as they have been the primary sources of job/employment creation and output growth, not only in less developed countries but also in developed countries. MSMEs have been accepted as the […]
What is Statutory Arbitration? There are various statutes providing for dispute resolution by way of arbitration, even though parties did not have an express arbitration clause between them i.e., Section 7-B of Telegraph Act,1885, Section 52 of Electricity Act, Section 76(2) of Electricity (Supply) Act, etc. In the same manner even Section 18 of The Micro […]
1. BENEFITS TO MSME 1. Central Government reserved three hundred fifty (350) items for purchase from MSMEs, under the Government Stores Purchase Programme. 2. MSE sector now has greater access to credit as a result of its classification as a priority lending sector. The banks are required to compulsorily ensure that specified percentage of their […]
The CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. It was launched by the Ministry of Micro, Small and Medium Enterprises on 1st June, 2020. The portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.It is a real one-stop-shop solution of MSME Ministry.
