LawgistThe Micro, Small and Medium Enterprises Development Act
24Overriding effect
The provisions of sections 15 to 23 shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force.
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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
