Companies with payments due to micro & small enterprises beyond 45 days need to file half-yearly returns
Government mandates half yearly returns for delayed payments to micro and small enterprises, totaling over Rs 21600 crore.
LiveLaw3d
Court Can Appoint Arbitrator U/S 11(6) Of Arbitration Act If MSME Council Fails To Initiate Mediation U/S 18 Of MSMED Act: Delhi HC
The Delhi High Court bench of Justice Jasmeet Singh has held that When the Facilitation Council under the Micro, Small, and ...
LiveLaw10d
Withdrawal Of MSMED Council Application Does Not Preclude Arbitration U/S 11, Even Without Council's Response: Delhi High Court
The Delhi High Court bench of Justice Subramonium Prasad held that withdrawal of an application before the MSMED Council does not bar a party from seeking the appointment of an arbitrator ...
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Court Upholds MSMED Act Over Arbitration Agreement In IT Services Dispute
The Court ruled that the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, being a specific legislation, would override the provisions of the Arbitration and Conciliation Act ...
Prime Minister of India7y
Cabinet approves proposal for Amendment to the Micro, Small and Medium Enterprises Development Act, 2006
Section 7 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 will accordingly be amended to define units producing goods and rendering services in terms of annual turnover as ...