NB Associates – Advocates & Legal Consultants
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Date:March 31, 2025
Delayed Payment to MSME – How to Deal with This? Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in economic development by generating employment and contributing to industrial growth. However, one of the biggest challenges MSMEs face is delayed payment from buyers. This issue affects their cash flow, disrupts operations, and hampers business […]
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Date:March 23, 2025
Debt Recovery by MSME: Ensuring Financial Stability and Growth Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in the global economy, contributing significantly to employment, industrial output, and economic growth. However, one of the persistent challenges faced by MSMEs is delayed payments and debt recovery. Effective debt recovery by MSME is essential to […]
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Date:January 2, 2025
To know what legal services we provide in relation to MSME dues Recovery – Click here We may be contacted at 9811899279 | mail@nbassociates.net What Are MSME Payment Rules? The MSME payment rules are provisions under the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. These rules make it mandatory for buyers to pay MSMEs within a […]
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Date:November 27, 2024
The MSME Act, officially known as the Micro, Small, and Medium Enterprises Development Act, 2006, is a significant law in India. It aims to support, promote, and regulate the growth of micro, small, and medium enterprises (MSMEs). This Act plays a vital role in strengthening India’s economy by empowering small businesses. To know what legal services we […]
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The MSME turnover limit is a key criterion for classifying businesses as micro, small, or medium enterprises. The Government of India has defined these limits to ensure that small businesses receive the support they need for growth. Understanding these turnover thresholds can help businesses determine their eligibility for MSME registration and the associated benefits. To know what […]
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Micro, Small, and Medium Enterprises (MSMEs) are vital to India’s economy. They create jobs, foster innovation, and drive growth. To support MSMEs, the government revises policies and introduces new regulations. The MSME Rules 2024 include significant updates to empower these enterprises. This guide explains the key rules, their implications, and how businesses can benefit. To know what […]
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MSME Registration Eligibility Criteria Micro, Small, and Medium Enterprises (MSMEs) play a vital role in driving economic growth in India. To enjoy the various benefits offered by the government, businesses must meet the MSME registration eligibility criteria. This process ensures that only qualified enterprises get access to special schemes, tax exemptions, and financial assistance. To […]
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What is MSME Act and Its Purpose The MSME Act was introduced in 2006 to provide a structured framework for promoting and developing MSMEs. It ensures that these enterprises receive the necessary support to thrive in a competitive environment. The Act also simplifies processes and offers various benefits to MSMEs to help them grow. To […]
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RBI Interest Rate for MSME Delayed Payment 2024 The Reserve Bank of India (RBI) plays a critical role in regulating India’s monetary policy and maintaining financial discipline. One of its significant contributions is the RBI interest rate for MSME delayed payment, which safeguards micro, small, and medium enterprises (MSMEs) against delayed payments. In 2024, this […]