Micro, Small & Medium Enterprises Development Act, 2006

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My Co. is a manufacturing concern. Whether it is complusory for it to issue letters to our customers to know whether they registered under the above act, and if  it don't do so what are the penal consequences. Isn't  it that Co. will be bound to make payment to its customers within maximum 45 days after it got letters from them that they are registered under MSMED Act, 2006.

Waiting for reply

Poonam

 

 

 

 

Replies (21)
Every company has to pay within the stipulated time to the enterprises which are Micro, Small and Medium enterprises. Otherwise the organisation has to pay interest at three times of RBI rate. The Act has vested further burden on the auditor to specify the principal and interest amount paid and payable in the annual accounts.
Whether Service Industry required to issue letter to customeres about whether they are register under the SME Act. 2006
Yes, according to the definition of Buyer given in the act, buyer means whosoever buys any goods or receives any services from a supplier for a consideration. So, if a service industry is a buyer than it has to issue letter to its customers to know whether they are registered in the act or not.

Our Company is consultant company.Is this complusory to register under MSMED Act 2006.

I am doing courier services ( frainchiecy ), do I need to do registration of my firm under MSMTD act-2006. If yes then how can I do it,

waiting for reply.

Surendra 

It is mandatory to register for Professional firms under MSMED ACT.

We Would like to Register under MSMED Act, 2006

We Would Like to Register under MEMED ACt, 2006

I am in Gujarat, Where shoud i go to register my business under MSMEDA

I guess limits specified in the act applies to company as a whole and not to each of its unit since it may be possible that one unit investmen in P&M is 4 crores and n other 2 cr and in another 5 crores. contrary views solicited

yes u r right, these limits are applicable to the co. as a whole not for the each unit of the co.

Our company has a trading activity if we require to register under the act

Could uou please send me the address of office where I need to get my company registered in New Delhi ? Mine is service industry under small category.

 

 

Want to know the prodecure for registration in the MSMEDA Act and where to get registration.WE are already registered as a small scale industry

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