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  • AKANKSHA RAJ
  • img October 14, 2026
Letter of Appointment _ Intimation Letter Auditor

Letter of Appointment Issued to Auditor Post Appointment in AGM

  • Sumit Kumar
  • img October 14, 2026
COMPLIANCE CHECKLIST GST & INDIRECT TAX (MSME)

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  • Mehak Chanotiya
  • img October 10, 2026
Section 43B(h) of the Income-tax Act: Can a Late Payment to an MSME Supplier Cost You a Deduction?

Clause (h) of section 43B turns the MSMED Act payment deadline into a tax deadline. A sum owed to a micro or small enter...

  • Mehak Chanotiya
  • img October 10, 2026
The 45-Day Payment Rule and What Happens if There Is No Written Agreeme

Section 15 is often summarised as a 45-day rule, but 45 days is only a ceiling on what the parties may agree in writing....

  • Mehak Chanotiya
  • img October 10, 2026
Compound Interest on Delayed MSME Payments (Section 16): Three Times the Bank Rate

Section 16 imposes compound interest with monthly rests at three times the RBI bank rate on any sum not paid as required...

  • Mehak Chanotiya
  • img October 10, 2026
Form MSME-1: The Half-Yearly Return for Outstanding Dues under the Companies Act

MSME-1 is a reporting obligation created by a Central Government order under section 405 of the Companies Act, 2013. It...

  • Mehak Chanotiya
  • img October 10, 2026
Udyam Registration: Classification by Investment and Turnover, and the Trap of Misclassification

Every MSME protection in this compilation depends on whether the supplier is a micro or small enterprise. Since 1 April...

  • Mehak Chanotiya
  • img October 10, 2026
Section 405 and Disclosure Duties: What Companies Owe in Financial Statements About MSME Creditors

A company with MSE creditors has two separate disclosure duties. MSME-1 is a half-yearly return to the Registrar under a...

  • Mehak Chanotiya
  • img October 10, 2026
Buyers vs. Suppliers: Can the MSME Act Override a Contract’s Longer Credit Period?

For a qualifying micro or small supplier, a contract cannot safely extend payment beyond the section 15 limits. The Act...

  • Mehak Chanotiya
  • img October 10, 2026
TReDS and Invoice Discounting: Compliance and Risk for MSMEs

TReDS is an RBI-regulated electronic platform on which an MSME can have its accepted invoices financed. It speeds up cas...

  • Mehak Chanotiya
  • img October 10, 2026
Group Companies and MSMEs: Can a Related-Party Supplier Claim MSME Protection?

The Act asks whether the supplier is a micro or small enterprise, not who owns it. A supplier’s membership of the buyer’...

  • Mehak Chanotiya
  • img October 10, 2026
The Statutory MSME Dispute Mechanism Under Section 18: Key Principles and Landmark Supreme Court Rul

Section 18 gives MSME disputes a statutory route through the Micro and Small Enterprises Facilitation Council: conciliat...

  • Mehak Chanotiya
  • img October 10, 2026
Corporate MSME Compliance: Section 22 Disclosures and Reporting Framework

Corporate compliance under Indian MSME laws, comparing MSME-1 and Section 22 disclosures, aligning them with Schedule II...

  • Mehak Chanotiya
  • img October 10, 2026
Year-end Schedule of MSE Payables for Section 43B(h)

When used: Prepared at each financial year-end by Accounts, reviewed by Tax and the Company Secretary, and tied to the t...

  • Mehak Chanotiya
  • img October 10, 2026
Supplier’s Demand Notice for Principal and Statutory Interest

When used: Sent by a micro or small enterprise before it files a reference with the Facilitation Council. Annexure A is...

  • Mehak Chanotiya
  • img October 10, 2026
Purchase Order Clauses: Payment Term, Acceptance and Supplier Status

When used: Inserted in purchase orders and rate contracts for suppliers that may be micro or small enterprises, so that...

  • Mehak Chanotiya
  • img October 10, 2026
Board Resolution for Filing Form MSME-1, with Supporting Schedule

When used: Passed at the meeting following each half-year end (or by circulation) to note the MSME-1 data and authorise...

  • Mehak Chanotiya
  • img October 10, 2026
Supplier’s MSME Status Declaration and Undertaking

When used: Collected from every vendor at onboarding and refreshed annually, so that the vendor master carries an eviden...

  • Mehak Chanotiya
  • img October 10, 2026
Note to the Financial Statements: Disclosure under Section 22 of the MSMED Act

When used: Inserted in the notes to the annual accounts of a company whose accounts are audited, supported by a supplier...

  • Mehak Chanotiya
  • img October 10, 2026
Reference to the Micro and Small Enterprises Facilitation Council under Section 18(1)

When used: Filed by a supplier whose dues remain unpaid. The format below is a general draft and must be adapted to the...

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