NB Associates – Advocates & Legal Consultants
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Date:March 30, 2023
What is the interest rate for MSME claim? MSME Law notes by NB Associates As per the guidelines of the MSME Samadhaan portal in India, if a buyer fails to make payment to an MSME within 45 days of the acceptance or deemed acceptance of goods or services, the buyer will be required to pay […]
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What are the benefits of MSME Samadhaan? MSME Law notes by NB Associates MSME Samadhaan is an online portal launched by the Indian government to facilitate the speedy settlement of disputes related to delayed payments for MSMEs. The portal provides various benefits to MSMEs, including: Resolution of MSME payment disputes MSME Samadhaan provides an online […]
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What is MSME 45 days payment rule MSME Law Notes by NB Associates In India, the MSME Act has introduced a 45-days payment rule for Micro & Small Enterprises. So, if you are a Micro or Small enterprise, and you have sold goods or provided services to a Buyer, the Buyer must make payments for […]
Author- admin
Date:March 28, 2023
Who are eligible for MSME Samadhan? Legal points by NB Associates MSME Samadhaan is an online portal that provides a mechanism for micro and small enterprises (MSEs) to file their delayed payment complaints. The eligibility criteria for filing a complaint on the MSME Samadhaan portal are as follows: 1. The supplier should be a […]
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How effective is MSME Samadhaan? Is MSME Samadhan effective ? MSME Law points by NB Associates MSME Samadhaan is an online portal that provides a mechanism for micro and small enterprises (MSEs) to file their delayed payment complaints. The effectiveness of the portal in resolving delayed payment complaints depends on several factors, including the number […]
Author- admin
Date:October 9, 2022
General Frequently asked questions on MSME claims, FAQ – MSME What is MSME? How MSME claim is filed? What is MSME Samadhan? Who are eligible for MSME Samadhan? Where can an MSME claim be filed? Jurisdictions How effective is MSME Samadhan? What are the benefits of MSME Samadhan? Whether Limitation Act applies to claims under […]
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Date:June 1, 2022
Whether Limitation Act applies to claims under MSME Act? Sections 17 and 18 of the Micro, Small and Medium Enterprises Development Act, 2006 provide for the recovery of the amount due for any goods or services rendered by the supplier. This is applicable to the supplier which comes under the definition of Micro, Small or […]
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Why filing of claim before the MSME Facilitation Council is beneficial? For delayed payment, the Supplier or service provider can approach the MSME facilitation council. Filing your claim for the recovery of due or outstanding from your customer, purchaser or client has always been smooth, cost-effective and time-saving. The following table compares the differences Money […]
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Where can an MSME claim be filed? Territorial Jurisdiction of Facilitation council. Law points by NB Associates Section 18(4) of the Micro, Small and Medium Enterprises Development Act, 2006 (the ‘Act’) provides that : (4) Notwithstanding anything contained in any other law for the time being in force, the Micro and Small Enterprises Facilitation Council […]