Traders may be allowed to get registered as MSME under the MSMED Act, 2006 via udyogaadhaar Registration.
MSME new definition was given by the FM while giving the details of the Economic Relief Package. MSME new definition will take effect from 1st of July 2020.
MSME new definition applicable w.e.f 01st July, 2020 notified by MSMED
The definition of MSMEs has been further revised. The definition for medium enterprises has been revised upwards to an investment of Rs 50 crore and a turnover of Rs 250 crore.
Know various Compliance requirements under Statutory Laws for the month of June
Every company other than Government company shall file an onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to 31st March, 2019, as specified in Form DPT-3 within "ninety days from 31st March, 2019
The instant allotment of PAN through Aadhaar based e-KYC has been launched by the FM. This facility provides PAN in near to real-time basis.
BSE SME listing eligibility norms revised due to COVID 19
The moratorium on term loans has been further extended by three months by the RBI Governor in the wake of COVID-19.
Employees' Provident Fund Organization (EPFO), India Ministry of Labour & Employment, Government of India has issued Circular dated 20th May 2020 providing FAQ'S ON REDUCTION IN STATUTORY RATE OF EPF CONTRIBUTION FROM 12% TO 10%.