The Central Government on 4th April 2021, promulgated the IBC Amendment Ordinance 2021, allowing a pre-packaged insolvency process MSMEs.
Registrations of entities under Micro, Small and Medium enterprises (“MSME”) is increasing every day due to various benefits being offered by the government for MSMEs such as Loan at subsidies rate of interest, subsidies, secured payment from corporates etc. Provisions of MSME are prevailing since 2006 and basis of classification of an entity under MSME and other provisions are prevailing since then without any modifications. Considering the current scenarios, the government has made some changes under MSME Act vide Notification No. [F. No. 21(5)/2019-P&G/Policy (Pt-IV)] dated 26th June, 2020 such as criteria of classifying of an entity under MSME, manner
From creating large scale employment to gaining economic stability, MSME plays an important role to ensure the country’s economic growth. In India, more than 50 million people got employment through MSME, and it has almost 8% contribution to our nation’s GDP. Though there are several issues related to infrastructure, lack of proper market linkages has disturbed the flourishing of MSME, both central and state governments across the country have taken some important measures to encourage. Registration of MSME does not have any legal obligation, but the registration always helps to reap various benefits from numerous government schemes. Registering as MSME
Leave your Name, email, Phone number along with what you are looking for in message box or you can call us at 011-41715118
We are a firm of Chartered Accountants offering wide range of professional services under one roof.
Being member of EAI International, we have the capabilities to work and service our clients internationally.
405-406, 4th Floor, Raja House, Nehru Place, New Delhi – 110019
011-41715118-19
info@vjmglobal.com
+91 9891576441, 9213397070, 9911887030
Mon – Fri: 09:00am – 06:00pm
Closed on Weekends
Copyright © 2014-2021 | All Right Reserved | VJM & Associates LLP
V J M & Associates LLP
