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. There have been challenges to this provision in courts, where the contentions were raised that this provision is not mandatory and there can be deviation by the Appellate court. Thus, the Supreme Court has made it clear that the provision of section 19 of the MSME Act is mandatory in nature..    

Payment to MSME – MSME Payment Rules

Author- admin
Date:April 14, 2023

Payment to MSME – MSME Payment RulesRules

MSME Law Notes by NB Associates

The Government of India has implemented various rules and regulations to ensure timely payment to MSMEs (Micro, Small, and Medium Enterprises).

Here are some of the key rules related to the payment to MSMEs:

Payment to MSME – MSME Act, 2006

This act defines the timeframe for payment to MSMEs.

According to the act, the buyer is required to make payment to the MSME supplier maximum within 45 days of the acceptance of goods or services.

If the buyer fails to do so, they are liable to pay interest at three times the prevailing bank rate notified by RBI .

Payment to MSME – Public Procurement Policy for MSEs, 2012

This policy mandates that at least 25% of the total annual procurement of goods and services by Central Ministries/Departments/Public Sector Undertakings (PSUs) should be from MSMEs.

Payment to MSME – Trade Receivables Discounting System (TReDS)

This is an online platform that facilitates the financing of trade receivables of MSMEs through multiple financiers. It enables MSMEs to get their bills discounted at competitive rates and receive payment within a shorter timeframe.

Payment to MSME – MSME Samadhaan Portal

This portal enables MSMEs to file their grievances related to delayed payments by buyers.

The portal also provides information on the status of their complaints.

Payment to MSME – Insolvency and Bankruptcy Code, 2016

This code provides a time-bound and structured mechanism for the resolution of insolvency and bankruptcy cases of companies, including MSMEs.

Overall, these rules and regulations aim to provide a conducive environment for the growth and development of MSMEs by ensuring timely payment to them.


Frequently Asked Questions

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FAQ in MSME Samadhan Portal


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