MSME Updates

Business, MSME Updates, News January 2, 2022

Government Panel for amendments to Insolvency and Bankruptcy Code

To ensure swift approvals for resolution plans, the government panel has suggested amendments to the Insolvency and Bankruptcy Code including provisions related to time period taken for approval of resolution plans, avoidable transactions and wrongful…

Law Tech, MSME Updates, Uncategorized September 20, 2019

Major tax relief for companies

Corporate tax rate to be 22% without exemptions, inclusive of surcharge and cess. No Minimum Alternate Tax (MAT) applicable on such companies: Sitharaman The new provision in the Income Tax Act, which will allow domestic companies…

MSME Updates September 18, 2019

What are Micro, Small & Medium Enterprises ?

Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes: 1….

MSME Updates September 5, 2019

Gadkari Assures MSMEs to Realize Delayed Payments

Working Capital is the Oxygen of any Industry, If this gets stopped the industry will die, Union Minister Nitin Gadkari said today. assuring the MSMEs that drastic steps are being taken by the government to…

MSME Updates September 5, 2019

MSME Delayed Payment Guidelines

Despite having adequate guidelines for delayed payment of dues to the MSE borrowers, many enterprises are struggling for months to realize their dues. According to the guidelines the buyer is to make payment on or…