Category: Start Ups

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Disclosure requirements regarding MSME dues under MSMED Act, 2006

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The MSME Development Act, 2006 (‘MSMED Act’) strengthens the provisions relating to delayed payments to the Micro, Small and Medium Enterprises (‘MSME’) by specifying the maximum credit period and higher penal interest if delayed beyond that period. If there is a delay in payment, companies will have to mention the reason for such delay in […]

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STARTUP INDIA

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STARTUP INDIA A NEW WAVE TO BUSINESS: Startup India is a flagship initiative of the Government of India, envisioned to build a strong ecosystem for nurturing innovation and Startups in the Country. Ministry of Commerce & Industry (Department of Industry Policy and Promotion) vide Notification no. G.S.R. 180(E) dated 17th February, 2016 have issued detailed outline for Startup […]

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