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MSME Registration : Government Scheme, Eligibility, Documents Required
MSME
CA. Sachin Jindal

MSME Registration : Government Scheme, Eligibility, Documents Required

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

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Delayed Payment to MSME
ROC Compliances
CA. Kavit Vijay

Companies to file Return for Delayed Payment to MSME

Introduction The Central Government under section 9 of Micro, Small and Medium Enterprises Development Act, 2006 (MSMEDA-2006) empowers to issue notification, programmers, guidelines, and instructions for the promotion and development of the competitiveness of micro, small and medium enterprises in cases of delayed payment to MSME and others. Using the powers mentioned under section 9 of MSMEDA-2006 the ministry of micro, small and medium enterprise issued the notification S.O. 5622(E) dated 2nd November 2018, wherein all the companies dealing with such enterprises facing delayed payment to MSME were required to fill return to the Ministry of Corporate Affairs stating the

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