Micro, Small And Medium Enterprises Development Act, 2006
Section - 22 - Requirement to specify unpaid amount with interest in the annual statement of accounts
Requirement to specify unpaid amount with interest in the annual statement of accounts.
22. Where any buyer is required to get his annual accounts audited under any law for the time being in force, such buyer shall furnish the following additional information in his annual statement of accounts, namely:-
| (i) | - | the principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier as at the end of each accounting year; |
| (ii) | - | the amount of interest paid by the buyer in terms of section 16, along with the amounts of the payment made to the supplier beyond the appointed day during each accounting year; |
| (iii) | - | the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under this Act; |
| (iv) | - | Google Play store
19 October 2026
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