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.
A slump sale is mainly affected by the way of Business Transfer Agreement ("BTA"). BTA’s are typically subject to negotiations.
All about the SPICe+
MSME new definition applicable w.e.f 01st July, 2020 notified by MSMED
The definition of MSMEs has now been revised by the government of India due to the outbreak of the COVID-19 pandemic. The investment and turnover limit has been enhanced.
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
Section 68 of the Companies Act 2013 contains provisions with respect to Buy Back of Shares.Every Buy-Back shall be completed within 12 months from the date of passing the Special Resolution, and between two Buy Backs, there must be a difference of at least 12 months.
In this article, we will discuss about the appointment of additional director and key managerial personnel under companies act and rules.
Advisory for Members of the Institute of Chartered Accountants of India (ICAI) and Companies to whom CSR provisions under Companies Act, 2013 apply