LawgistThe Micro, Small and Medium Enterprises Development Act
17Recovery of amount due
For any goods supplied or services rendered by the supplier, the buyer shall be liable to pay the amount with interest thereon as provided under section 16.
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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
