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TReDS Onboarding for Large Companies by March 2025

Notification No: S.O. 4845(E)

Notification Date: November 7, 2024

Relevant Act: Micro, Small and Medium Enterprises Development Act, 2006

Relevant Section/Rule: Section 9

The Ministry of Micro, Small and Medium Enterprises has released a Notification on November 7, 2024 in supersession of notification nos  S.O. 5621(E), dated the 2nd November, 2018 and S.O. 5622(E), dated the 2nd November, 2018, directing as follows:
 
1.) All companies registered under the Companies Act, 2013 (18 of 2013) with a turnover of more than Rs. 250 crore (two hundred and fifty crore rupees) and all Central Public Sector Enterprises shall be required to get themselves onboarded on the Trade Receivables Discounting System platforms, set up as per the notification of the Reserve Bank of India.  
 
2.) The onboarding process on the Trade Receivables Discounting System platforms shall be completed by 31st March, 2025.

The Notification detailing the above is reproduced herein below:

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