Company Law

(6) MSME disclosures

  • If a Co,
    • gets supplies of goods or services from 24micro and small enterprises and
    • whose payments to micro and small enterprise suppliers > 45 days from the date of acceptance or the date of deemed acceptance of the goods or services

⟶ such Co has to submit return in MSME Form I inter alia stating the reasons for delay in the following timeline:

Type of Return

Due date of filing

Initial return as of 22 Jan 19

within 30 days of eForm MSME I is deployed on MCA portal i.e., 30-May-19 (since the said eform was deployed on 1-May-19)

½ yearly for the period:

Apr – Sep

31-Oct

Oct – Mar

30-Apr