MSMED Act articles

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 |

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 |

Are you availing services from Micro and Small enterprises? then read this

Following is brief write-up regarding MSME Form I which has to be filed by some specified companies. The major part is to understand how will I identify a company, whether it is small or micro enterprise? Some companies mention in there invoices that they are micro or small enterprises or one can take a declaration […]...

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Posted Under: Corporate Law |

TReDS (Trade Receivables Discounting System) A Boon for MSME

MSMEs are the back bone of Indian Economy and despite the important role played by them in country’s overall economic growth, continue to face constraints in obtaining adequate finance, particularly in terms of their ability to convert their trade receivables into liquid funds....

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Posted Under: Corporate Law |

TReDS_Trade Receivables Discounting System: A game changer and Role of CA’s

Micro, Small and Medium Enterprises (MSMEs), despite the important role played by them in the economic fabric of the country as they are the backbone of the Indian economy; continue to face constraints in obtaining adequate finance, particularly in terms of their ability to convert their trade receivables into liquid funds, infrastructure...

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Posted Under: Corporate Law |

Note on New MSME Notification for Reporting with MCA

The Ministry of Micro, Small and Medium Enterprises issued a notification on November 2, 2018, which prescribe half-yearly reporting to MCA for the Companies which receives services or goods from micro or small enterprises and whose payments to micro and small enterprises suppliers exceed 45 days....

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Posted Under: Corporate Law |

MSME Samadhaan- A Welcome Initiative for Sector towards Ease of Doing Business

Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy. It has not only played crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, red...

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Posted Under: Corporate Law |

Companies to submit half yearly returns for dues to MSMEs

Further to the notification issued by the Ministry of Micro, Small and Medium Enterprises, dated 02nd November, 2018, please note the below- 1. All the Companies who get supplies of goods or services from MSMEs AND whose payments to the suppliers exceed 45 days from the date of acceptance or date of deemed acceptance. {Date of […]...

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Posted Under: Corporate Law |

GST Intitiatives for MSMEs

GST is Goods and Simple Tax. GST is improving ease of doing business and resulting in gains to small and medium businesses. It is a matter of pride and happiness that around 48 lakh new enterprise got registered under GST in one year. Narendra Modi Prime Minister of India The very small businesses have been […]...

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Posted Under: Corporate Law |

Analysis of Micro Small and Medium Development Act

Introduction Act provides for facilitating the promotion and development as well as enhancing the competitiveness of Micro, Small and Medium enterprises. Categorization of Micro, Small and Medium Enterprises As per Act, The categorization of Micro, Small and Medium is based on investment in Plant and Machinery as below Category of Enterpr...

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Posted Under: Corporate Law |

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