The Supreme Court of India, in its recent judgment in Silpi Industries Vs Kerala State Road Transport Corporation, has dispelled the ambiguity surrounding the legal position governing the commencement ...

Micro, Small and Medium Enterprise (MSME) sector is the most significant sector of the Indian economy after agriculture. To achieve the target of India becoming a $5 trillion economy growth and ...

New Delhi, Aug 23 (KNN) The MSME Act has substantial and significant provisions but the MSME Facilitation Councils are not being well versed with the MSME Act due to which mediation has not been ...

Delayed payments are a significant challenge to MSMEs In case of delayed payment of over 45 days, buyer has to pay compound interest with the monthly rests to the supplier on the amount at thrice the ...

Coimbatore, Aug 6 (PTI) Four associations of micro, small and medium enterprises (MSMEs) here today expressed concern over certain clauses in the proposed amendments to the MSME Act, claiming these ...

The government is undertaking a comprehensive review of the Micro, Small and Medium Enterprises Development Act, 2006, including a review of the definitions of small businesses. According to sources, ...

Highlighting the growth of the MSME sector, the ministry noted that the share of MSME Gross Value Added (GVA) in India's GDP grew from 29.7 per cent in 2017-18 to 30.5 per cent in both 2018-19 and ...

The finance ministry is contemplating changes to the income tax rule that directs businesses to pay micro, small, and medium enterprises (MSMEs) within 45 days, sources said. Finance minister Nirmala ...

Since the introduction of the Micro, Small and Medium Enterprises Development Act (MSME Act) in 2006, there has been no specific amendment, or any notification, that allows for the classification of ...

The Delhi High Court on Thursday sought the Centre's reply on a PIL seeking inclusion of lawyers in the definition of professionals so that they can access the various schemes under the Micro, Small ...

No doubt lawyers are enterprising, but when one of them wanted advocates to be classified as an enterprise under the MSME Act, the Bench gave him an earful. On Wednesday, the Delhi High Court declined ...