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Micro, Small and Medium Enterprises Development Act
An Act to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto.
| Act Id | 200627 |
| Act Number | 27 |
| Enactment Date | 2006-06-16 |
| Act Year | 2006 |
| Ministry | Ministry of Micro, Small and Medium Enterprises |
| Enforcement Date | 02-10-2006 |
- PRELIMINARY
- NATIONAL BOARD FOR MICRO, SMALL AND MEDIUM ENTERPRISES
- CLASSIFICATION OF ENTERPRISES, ADVISORY COMMITTEE AND MEMORANDUM OF MICRO, SMALL AND MEDIUM ENTERPRISES
- MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES
- DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES
- 15 Liability of buyer to make payment
- 16 Date from which and rate at which interest is payable
- 17 Recovery of amount due
- 18 Reference to Micro and small Enterprises Facilitation Council
- 19 Application for setting aside decree, award or order
- 20 Establishment of Micro and Small Enterprises Facilitation Council
- 21 Composition of Micro and Small Enterprises Facilitation Council
- 22 Requirement to specify unpaid amount with interest in the annual statement of accounts
- 23 Interest not to be allowed as deduction from income
- 24 Overriding effect
- 25 Scheme for closure of business of micro, small and medium enterprises
- MISCELLANEOUS
