The Micro, Small and Medium Enterprises Development Act, 2006
MSMEDCENTRAL ACT
An Act To Provide For Facilitating The Promotion And Development And Enhancing The Competitiveness Of Micro, Small And Medium Enterprises And For Matters Connected Therewith Or Incidental Thereto.
Act Number
27
Enactment
2006-06-16
State
Chhattisgarh
PRELIMINARY
NATIONAL BOARD FOR MICRO, SMALL AND MEDIUM ENTERPRISES
CLASSIFICATION OF ENTERPRISES, ADVISORY COMMITTEE AND MEMORANDUM OF MICRO, SMALL AND MEDIUM ENTERPRISES
MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES
DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES
Section 15Liability of buyer to make payment.Section 16Date from which and rate at which interest is payable.Section 17Recovery of amount due.Section 18Reference to Micro and small Enterprises Facilitation Council.Section 19Application for setting aside decree, award or order.Section 20Establishment of Micro and Small Enterprises Facilitation Council.Section 21Composition of Micro and Small Enterprises Facilitation Council.Section 22Requirement to specify unpaid amount with interest in the annual statement of accounts.Section 23Interest not to be allowed as deduction from income.Section 24Overriding effect.Section 25Scheme for closure of business of micro, small and medium enterprises.
MISCELLANEOUS
Section 26Appointment of Officers and other employees.Section 27Penalty for contravention of section 8 or section 22 or section 26.Section 28Jurisdiction of courts.Section 29Power to make rules.Section 30Power to make rules by State Government.Section 31Power to remove difficulties.Section 32Repeal of Act 32 of 1993.