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Date:June 7, 2023
Bank rate notified by RBI for MSME delayed payment 2023 MSME Law Notes by NB Associates Section 16 read with Section 2(b) of the MSME Act prescribes if a buyer fails to make payment to a Micro or small enterprise within a maximum period of 45 days of the acceptance or deemed acceptance of goods […]
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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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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 […]
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Date:June 1, 2023
MSME Samadhaan Scheme – Delayed Payment Portal MSME Law Article by NB Associates The MSME Samadhaan Scheme, also known as the Delayed Payment Portal, is an initiative launched by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India, to address the issue of delayed payments to Micro and Small Enterises (MSEs) by […]
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Date:May 26, 2023
MSME invoice payment MSME Law Notes by NB Associates Under the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006, there are certain provisions related to the MSME invoice payment or payment of invoices by the buyer to the micro or small supplier. These provisions are aimed at ensuring timely payment and addressing delayed payments, […]
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MSME Supplier payment terms MSME Law Notes by NB Associates The Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 is an Indian legislation that aims to promote, develop, and enhance the competitiveness of micro, small, and medium enterprises (MSMEs). While the act provides various provisions for the growth and support of MSMEs, it does […]
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Date:May 25, 2023
MSME payment terms interest rate MSME Law notes by NB Associates We are the leading Law firm / Lawyers providing comprehensive MSME legal consultancy to our clients. We also help and legally assist our clients in the recovery of dues or outstanding. Clients may contact us on given number for any legal consultancy. Contact no […]
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