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MSMED Act

Latest Articles


Difference between MSME and Start up

Corporate Law : Learn the criteria for DPIIT startup recognition, including company age, turnover limits, and eligibility differences from MSMEs....

August 16, 2024 21 Views 0 comment Print

Udyam Registration Process For MSMEs in India

Corporate Law : Learn about Udyam Registration for MSMEs: process, eligibility, benefits, and how it streamlines access to government schemes and ...

August 13, 2024 588 Views 0 comment Print

Reporting Requirement of Clause 22 [Amount Covered under section 43B(h)] of Form 3CD

Income Tax : Learn about the amendment to Clause 22 of Form 3CD under Section 43B(h) and its impact on reporting requirements for payments to M...

August 1, 2024 5379 Views 1 comment Print

A Snapshot on Challenges and Opportunities for MSMEs

Corporate Law : Explore the challenges and opportunities for MSMEs in India, their role in the economy, and government schemes aimed at fostering ...

July 30, 2024 336 Views 0 comment Print

Union Budget 2024 and MSMEs

Finance : Explore Budget 2024's focus on MSMEs with new credit assessments, credit guarantees, Mudra loan increases, and support for global ...

July 29, 2024 570 Views 0 comment Print


Latest News


Concerns on Corporate Tax, MSME Deductions, GST Rates

CA, CS, CMA : Explore recent updates on corporate tax rates, MSME concerns over tax deductions, and GST rates for shawls as addressed in Lok Sab...

August 5, 2024 306 Views 0 comment Print

Urgent Request for Amendment to Section 43(B)(h) for MSMEs

Income Tax : Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and ...

July 27, 2024 10815 Views 0 comment Print

Eight New Measures to Support MSMEs in Union Budget 2024

Corporate Law : Union Budget 2024 introduces eight new MSME support measures, including credit schemes, enhanced Mudra loans, and new SIDBI branch...

July 23, 2024 546 Views 0 comment Print

Representation against Proposed Amendment In Section 43B of Income Tax

Income Tax : Discover how proposed amendment in Section 43B of Income Tax Act, 1961, affects MSMEs. Learn about potential challenges and sugges...

June 11, 2024 5073 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba – Last Few Hours to register

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 ...

May 10, 2024 10233 Views 1 comment Print


Latest Judiciary


Banks and NBFCs obliged to adopt restructuring process before classification of account as NPA: Supreme Court

Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...

August 9, 2024 345 Views 0 comment Print

SC Refuses to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

Corporate Law : Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for ...

May 8, 2024 11586 Views 0 comment Print

Docket Care Systems Vs Hariwill Electronics India Pvt. Ltd. (Allahabad High Court) 

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...

April 26, 2024 660 Views 0 comment Print

Crown’s preferential right of recovery of debts does not extend to secured creditors

Corporate Law : Mankind Life Sciences Private Limited Vs State of Himachal Pradesh & Anr (Himachal Pradesh High Court) The legal landscape sur...

January 28, 2024 876 Views 0 comment Print

Calcutta HC: Pre-Deposit Required for Section 34 Arbitration Act Applications under Section 19 MSME Act

Corporate Law : The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilita...

August 8, 2023 1107 Views 0 comment Print


Latest Notifications


MSME Form-1 amended: Companies to Report MSEs Overdue Payment

Company Law : Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small en...

July 15, 2024 8577 Views 0 comment Print

Corrigendum to Income Tax Notification No. 27 of 2024

Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...

March 19, 2024 5295 Views 0 comment Print

Air Cooler and Air Filters (Quality Control) Order, 2023

Corporate Law : Discover the Air Cooler and Air Filters Quality Control Order 2023 by the Ministry of Commerce and Industry. Learn about standards...

March 5, 2024 357 Views 0 comment Print

Potable Water Bottles (Quality Control) Order, 2024

Corporate Law : Explore the Ministry of Commerce and Industrys latest order on Potable Water Bottles (Quality Control) 2024 in New Delhi. Learn ab...

March 5, 2024 480 Views 0 comment Print

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2024

Corporate Law : Explore the latest Ministry of Commerce and Industry Order in New Delhi, setting quality standards for insulated flasks, bottles, ...

March 5, 2024 495 Views 0 comment Print


Mandatory Pre-Deposit of Awarded Amount under MSME Act- Not Sine Qua Non for Private Arbitration

May 19, 2020 2358 Views 0 comment Print

So far as the Micro, Small and Medium Enterprises are concerned, in India, a separate ADR mechanism with an object of facilitating expeditious recovery of amount due to an MSME is provided by a special legislation namely the Micro, Small and Medium Enterprises Development Act, 2006

Explanation on New definition of MSME and Benefits in Hindi

May 19, 2020 2982 Views 0 comment Print

अर्जुन : मित्र कृष्ण , मुझे ये बताए कि MSME क्या हैं? कृष्ण: अर्जुन, MSME का मतलब सूक्ष्म, लघु और मध्यम उद्योग से हैं। 1. सूक्ष्म उद्योग (Micro Enterprises) अगर किसी उद्योग में निवेश 1 करोड़ से कम हैं और उसकी टर्नओवर 5 करोड़ से कम हैं तो वह सूक्ष्म उद्योग के अंतर्गत आएगा। 2. […]

MSME Sambandh, Samadhan, Technological Centres and Sampark

May 18, 2020 9891 Views 0 comment Print

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto. The Ministry of MSME provides various other services to enterprises fall under MSMED […]

Micro Small & Medium Enterprises in India

May 17, 2020 4914 Views 1 comment Print

The term MSME is often used to abbreviate Micro Small & Medium Enterprises; these are small sized enterprises operating in Manufacturing and Service sector. The category of these enterprises are determined considering the amount of Investment made in plant, machinery or equipments (the criteria is now proposed to be revised considering the Investment and Annual […]

Why & How to register as MSME

May 17, 2020 7200 Views 0 comment Print

MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises – engaged in the manufacturing or production of goods in any industry and Service Providers. For these small-scale industries, it is essential to make […]

Collateral free MSME loans under COVID relief package

May 17, 2020 3912 Views 1 comment Print

The Finance Minister recently announced an economic relief package to MSME units in the form of collateral free loans. This facility is for standard MSMEs, that is, those MSMEs which were running fine until the Covid-19-induced lockdown disrupted their work. The total value of this relief package as declared by the Government was to the […]

MSME’s | Legal provision, Registration process and Benefits

May 16, 2020 15255 Views 1 comment Print

This Handbook include basic information about MSME’s including Legal provision, Registration process (UAM), Benefits of MSMEs registrations Introduction The Indian Micro Small and Medium Enterprises (MSMEs) sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy, providing it resilience to ward off global economic shocks […]

MSME’s Basic Information

May 16, 2020 4365 Views 2 comments Print

Other Site link The conceptual and legal framework for small scale and ancillary industrial undertakings is derived from the Industries Development and Regulation Act, 1951. The Small and Medium Enterprises Development Bill 2005 which was enacted in June 2006 was renamed as “Micro, Small & Medium Enterprises Development Act, 2006” aims at facilitating the promotion […]

Udyog Aadhar Memorandum : MSMEs

May 16, 2020 10263 Views 0 comment Print

This is in continous to my previous article : “MSME’s Basic Information”. Ministry of Micro, Small and Medium Enterprises (MSME) has notified the Udyog Aadhaar Memorandum (UAM) under the MSMED Act, 2006 vide gazette notification [SO No. 2576(E)] dated 18-09-2015 in order to promote ease of doing business for MSMEs. The salient feature of UAM […]

Aatma Nirbhar Yojana Part-1 MSME Perspective

May 16, 2020 3474 Views 0 comment Print

We all are aware that our honorable Prime Minister has called for ‘AATMA NIRBHAR BHARAT’ which is a big leap of faith taken by him to announce 20 Lac crore Economic Package; which is third largest in the world; which has something for every sector of economy. Our Finance Minister has given details of “AATMA […]

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