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Corporate Laws Central Ministry of Micro, Small and Medium Enterprises Micro, Small and Medium Enterprises Development Act, 2006

Half yearly reporting by companies getting supplies from Micro and Small Enterprises

25-Mar-2025 | S.O. 1376(E)

MSME has issued a notification regarding Half yearly reporting by companies getting supplies from Micro and Small Enterprises, effective from 25th March 2025.

By virtue of this notification, it is notified that in terms of Section 15 of the Micro, Small and Medium Enterprises Development Act, 2006, the companies who are getting supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed 45 days from the date of acceptance or the date of deemed acceptance of the goods or services as per Section 15, are required to submit a half yearly return to the Ministry of Corporate Affairs stating the following:
(a) the amounts of payments due; and
(b) the reasons of the delay.

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