NB Associates – Advocates & Legal Consultants
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Date:November 20, 2024
Money recovery is a critical process for individuals and businesses facing delayed payments or unresolved financial disputes. Whether it’s about unpaid invoices, debts, or compensation, the importance of efficient recovery of money cannot be overstated. This article highlights various approaches to ensure successful money recovery while emphasizing legal, financial, and strategic considerations To know what […]
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MSMED Full form is Micro, Small, and Medium Enterprises Development. MSMED refers to the Micro, Small, and Medium Enterprises Development Act, 2006, introduced by the Government of India. he MSMED Act aims to support the growth and development of micro, small, and medium enterprises (MSMEs). It also focuses on enhancing the competitiveness of these enterprises […]
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Date:November 17, 2024
RBI Bank Rate current 2024 – MSME Notes by NB Associates The Reserve Bank of India (RBI) is India’s central banking institution, responsible for regulating the country’s monetary policy. Among its many tools, the RBI bank rate is a crucial parameter. It influences the cost of borrowing and lending in the financial system. To know […]
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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 […]