NB Associates – Advocates & Legal Consultants
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Date:November 17, 2024
Sec 29A of the Arbitration and Conciliation Act: An Overview Arbitration has long been recognized as a cornerstone of alternative dispute resolution (ADR) mechanisms. It offers a faster, less formal, and often cost-effective means of resolving disputes outside traditional court systems. In India, the Arbitration and Conciliation Act, 1996 governs this process, aligning domestic arbitration […]
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Date:April 28, 2024
MSME law refers to legislation and regulations governing Micro, Small, and Medium Enterprises. These MSME laws are designed to provide a conducive environment for the growth and sustenance of small businesses, which are vital for economic development, employment generation, and fostering entrepreneurship. To know what legal services we provide in relation to MSME Recovery – […]
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Date:June 8, 2023
Section 19 of MSME Act – What is Section 19 of MSME Act MSME Law Notes by NB Associates A Micro and Small enterprise can file an MSME claim against its buyer if the buyer fails to make payment of the dues within a period of 15 (Fifteen) days of the date of the delivery […]
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Date:June 7, 2023
Bank rate notified by RBI for MSME delayed payment 2023 Section 16, read with Section 2(b) of the MSME Act, prescribes that: – A buyer must make payment to a micro or small enterprise within a maximum period of 45 days. This period start from the acceptance or deemed acceptance of goods or services. – […]
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Date:June 5, 2023
Section 17 of MSME Act – What is Section 17 of MSME Act MSME Law Notes by NB Associates Section 17 of MSME Act or MSMED Act deals with and provides for the buyer’s liability to pay interest to the supplier. The interest amount also comes under the provision of ‘recovery of dues’ against the […]
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Date:June 4, 2023
MSME Award Appeal – Appeal against MSME Arbitration Award MSME Law Notes by NB Associates MSME Award Appeal here we mean and discuss Appeal against the order, decree or Award arising out of the statutory arbitration proceeding under MSME Act An appeal against an Award, order or decree arising from a statutory arbitration proceeding under […]
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What is Section 14 of the MSMED Act, 2006? MSME Law Notes by NB Associates Section 14 of the MSMED Act 2006 pertains to the establishment and administration of the Fund. It does not specifically relate to the recovery of outstanding amounts or interest. We are the leading Law firm / Lawyers providing comprehensive MSME […]
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How to get MSME complaint registered ? MSME Law Notes by NB Associates In India, there is a framework in place to address delayed payments to Micro, Small, and Medium Enterprises (MSMEs) called the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. We are the leading Law firm / Lawyers providing comprehensive MSME legal […]
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Date:June 3, 2023
Section 18 of MSME Act – What is Section 18 of MSME Act MSME Law Notes by NB Associates In the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006, there is a provision for the establishment of Micro and Small Enterprises Facilitation Councils. These councils are responsible for facilitating the resolution of disputes and […]