MSME Notification No: S.O. 1376(E) dated 25 March 2025
Relevant Act: Micro, Small and Medium Enterprises Development Act, 2006
Relevant Section / Rule: Section 9 and 15
The Ministry of Micro, Small and Medium Enterprises has issued a Notification stating that all companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the said Act, shall 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.
Effective date : March 25, 2025
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