The Micro, Small and Medium Enterprises Development Act `2006

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.
2006
  • CLASSIFICATION OF ENTERPRISES, ADVISORY COMMITTEE AND MEMORANDUM OF MICRO, SMALL AND MEDIUM ENTERPRISES

  • 7
     Classification of enterprises
  • 8
     Memorandum of micro, small and medium enterprises
  • MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES

  • 9
     Measures for promotion and development
  • 10
     Credit facilities
  • 11
     Procurement preference policy
  • 12
     Funds
  • 13
     Grants by Central Government
  • 14
     Administration and utilisation of Fund or Funds
  • 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

  • 26
     Appointment of Officers and other employees
  • 27
     Penalty for contravention of section 8 or section 22 or section 26
  • 28
     Jurisdiction of courts
  • 29
     Power to make rules
  • 30
     Power to make rules by State Government
  • 31
     Power to remove difficulties
  • 32
     Repeal of Act 32 of 1993