- Mehak Chanotiya
October 10, 2026
Audit Committee Note and Board Resolution: Related-Party Purchase from an MSE Supplier
When used: Used where a company buys from a group or related MSE supplier. It records the approval under company law and...
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- Mehak Chanotiya
October 10, 2026
Board Resolution for Onboarding on a TReDS Platform
When used: Passed by a buyer or an MSME seller company to register on an RBI-authorised TReDS platform and to authorise...
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- Mehak Chanotiya
October 10, 2026
Buyerβs Written Objection to Acceptance of Goods or Services
When used: Sent by the buyer within 15 days of delivery where goods or services do not conform. It prevents deemed accep...
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- Mehak Chanotiya
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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- Mehak Chanotiya
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...
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- Mehak Chanotiya
October 10, 2026
Supplierβs MSME Status Declaration and Undertaking
When used: Collected from every vendor at onboarding and refreshed annually, so that the vendor master carries an eviden...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
October 10, 2026
Supplierβs 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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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 supplierβs membership of the buyerβ...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
October 10, 2026
Buyers vs. Suppliers: Can the MSME Act Override a Contractβs Longer Credit Period?
For a qualifying micro or small supplier, a contract cannot safely extend payment beyond the section 15 limits. The Act...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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...
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- Mehak Chanotiya
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....
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