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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 u...
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 platfo...
Buyer’s 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 p...
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 mus...
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, sup...
Supplier’s MSME Status Declaration and Undertaking
When used: Collected from every vendor at onboarding and refreshed annually, so that the vendor mast...
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...
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 e...
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 Cou...
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 Secretar...
Corporate MSME Compliance: Section 22 Disclosures and Reporting Framework
Corporate compliance under Indian MSME laws, comparing MSME-1 and Section 22 disclosures, aligning t...
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 Facilitatio...
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 memb...
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 financ...
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...
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 t...
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 enterp...
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 Comp...
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...
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 m...

