MSMED ActMSME Legal Safeguards and Provisions
October 7, 20200
Arbitration In IndiaCommercial Agreements & Contracts In IndiaMSMED ActOverlap between MSMED Act and Arbitration Act
August 24, 20200
INTRODUCTION The Micro, Small and Medium Enterprises (“MSME”) sector has arisen as an extremely vibrant and dynamic sector of the Indian economy over the eras. It not contributes towards the economy through the supply of goods, but also generate massive employment opportunities. The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006...
MSMED ActFAQs – MSME Notified & Unveiled
July 16, 20200
INTRODUCTION The Government has constantly been in talks to provide and generate loans and other credit facilities to the Micro, Small and Medium Enterprises (“MSMEs”) and other business enterprises for them to regain their operational pace and begin working. These initiatives will help those facing serious cash flow issues and were at the verge of...
The National Credit Guarantee Trustee Company (“NCGTC”) is a Company wholly owned by the Government and acts as a common trustee company for many credit guarantee funds. Intent of NCGTC To manage multiple guarantee schemes as part of a larger financial inclusion programme of the government covering different cross-sections and segments of the economy like...
MSMEs (“Micro, Small and Medium Enterprises”) have been working and generating a considerable percentage of employment for the India. They have come up with a healthy competitive market with young and innovative ideas of carrying out businesses. The Modi 2.0 Government had pushed and encouraged the MSME Sector for the very initiation and have now,...
MSMED ActSupplier under MSMED Act
July 18, 20180
“Even if an entity has not filed a Memorandum as required under Section 8(1) of the MSMED Act, it would still be treated as a supplier under Section 2(n) of the MSMED Act if it falls within the definition of the micro/small enterprise. ISSUE The Court had to deal with an issue as to...
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