Income Tax : In order to protect and promptly make payments to the MSEs, Clause (h) in Section 43B, inserted vide the Finance Act 2023, provide...
Income Tax : Explore significance of verifying Udyam Registration Number in compliance with Section 43B(h) of Income Tax Act. Learn how it ensu...
Income Tax : Understand the impact of Section 43B(h) on payments to Micro and Small Enterprises under the MSMED Act. Learn eligibility, time li...
Corporate Law : Explore vital role of MSMEs in India's growth, benefits, eligibility, registration process, and more. A complete guide for entrepr...
Corporate Law : Explore the Udyam registration process, the rebranding of Udyog Aadhar by MSME, and the benefits it offers to Indian small and med...
Corporate Law : Discover how the Udyam Assist Platform, launched by the Ministry of MSME, facilitates registration for Informal Micro Enterprises,...
Corporate Law : New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time an...
Corporate Law : However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandato...
Corporate Law : The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification ...
Fema / RBI : It has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be...
Corporate Law : GOvt has earlier provided that PAN and GSTIN is Mandatory wef 31St March, 2021 for MSME Udyam Registration has now relaxed the c...
Corporate Law : MSME Clarification on existing Entrepreneurs Memorandum (EM) Part-II/Udyog Aadhaar Memorandum (UAM)/New Udyam Registration dated 6...
Fema / RBI : Government of India has notified new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new crit...
MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes, and incentives promote MSMEs through the MSMED Act. To avail of the benefits under the MSMED Act from the Central or […]
In the previous article [MSME Legal backdrops Series – Part I], we have gained knowledge about what is MSME, difference between terms MSE and SSI, legal background of MSME, MSMED Act, 2006, purpose of MSMED Act etc. In this article, we will discuss about some of the important provisions of MSMED Act, 2006 along with […]
Ministry of Finance, Government of India, with a view to provide several benefits and to create large number of employment opportunities within India, announced various relief measures especially for the MSMEs (vis-à-vis Micro, Small & Medium Enterprises). To achieve this dream of creating lot more employment in India, it was felt necessary to widen the […]
Ministry of MSME has revised the MSME registration process w.e.f 01st July 2020. It is now known as ‘UDYAM REGISTRATION’. The Term Udyam is equivalent to Enterprises in English. Hence all the Micro, Small or Medium Enterprises has to obtain UDAYM Registration to avail the benefits of various schemes run by the govt. for the […]
To make the professionals, businessman and entrepreneurs to have an introduction cum information about the legal provisions related to MSME, a new series is being launched in which all the relevant legal provisions and rules will be discussed along with legal references. Efforts have been made to keep the language very simple so that even […]
Introduction: > The Central Government, after obtaining the recommendations of the Advisory Committee in this behalf, notified following: > Certain criteria for classifying the enterprises as micro, small and medium enterprises > Specifies the form and procedure for filing the memorandum (Udyam Registration), w.e.f 1st day of July, 2020 Classification of Enterprise: How to become MSME? […]
UDYAM REGISTRATION Union Ministry of Micro, Small and Medium Enterprises (MSME), vide its Notification Dated 26.06.2020: A. Notifies the new definition of MSME, B. Specifies the new form and procedure for registration under MSME, known as – “Udyam Registration”, and C. Mandated the re-registration of existing MSMEs on the new Udyam Registration portal. In that […]
The Enterprises which are engaged in the manufacture or production, processing or preservation of goods or the enterprises which are engaged in providing or rendering of services, up to a specified limit, are known as Micro or Small or Medium Enterprises, as per their respective limits as given below: Interpretation It mean only those enterprises […]
The Ministry Of Micro, Small And Medium Enterprises notifies certain criteria for classifying the enterprises as micro, small and medium enterprises and specifies the form and procedure for registration (hereafter to be known as ―Udyam Registration) as MSME, with effect from the 1st day of July, 2020, vide notification number S.O. 2119(E) dated 26th June, […]
MEANING: The Enterprises which are engaged in the manufacture or production, processing or preservation of goods or the enterprises which are engaged in providing or rendering of services, up to a specified limit, are known as Micro or Small or Medium Enterprises, as per their respective limits as given below: Interpretation It mean only those […]
