Micro, Small And Medium Enterprises Development Act, 2006

Section - 2 - Definitions

Definitions.

2. In this Act, unless the context otherwise requires,-

(a)- "Advisory Committee" means the committee constituted by the Central Government under sub-section (2) of section 7;
(b)- "appointed day" means the day following immediately after the expiry of the period of fifteen days from the day of acceptance or the day of deemed acceptance of any goods or any services by a buyer from a supplier.
-Explanation.-For the purposes of this clause,-
(i)- "the day of acceptance" means,-
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