The Micro, Small and Medium Enterprises Development Act, 2006 – Bare Act

The Micro, Small and Medium Enterprises Development Act, 2006 Chapter-I Preliminary Section-1 Short title and commencement Section-2 Definitions Chapter-II National […]

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The Micro, Small and Medium Enterprises Development Act, 2006

Chapter-I Preliminary

Section-1 Short title and commencement
Section-2 Definitions

Chapter-II National Board for Micro, Small and Medium Enterprises

Section-3 Establishment of Board
Section-4 Removal of member from Board
Section-5 Functions of Board
Section-6 Powers and functions of Member-Secretary of Board

Chapter-III Classification of Enterprises, Advisory Committee and Memorandum of Micro, Small and Medium Enterprises

Section-7 Classification of enterprises
Section-8 Memorandum of micro, small and medium enterprises

Chapter-IV Measures for Promotion, Development and Enhancement of Competitiveness of Micro, Small and Medium Enterprises

Section-9 Measures for promotion and development
Section-10 Credit facilities
Section-11 Procurement preference policy
Section-12 Funds
Section-13 Grants by Central Government
Section-14 Administration and utilisation of Fund or Funds

Chapter-V Delayed Payments to Micro and Small Enterprises

Section-15 Liability of buyer to make payment
Section-16 Date from which and rate at which interest is payable
Section-17 Recovery of amount due
Section-18 Reference to Micro and Small Enterprises Facilitation Council
Section-19 Application for setting aside decree, award or order
Section-20 Establishment of Micro and Small Enterprises Facilitation Council
Section-21 Composition of Micro and Small Enterprises Facilitation Council
Section-22 Requirement to specify unpaid amount with interest in the annual statement of accounts
Section-23 Interest not to be allowed as deduction from income
Section-24 Overriding effect
Section-25 Scheme for closure of business of micro, small and medium enterprises

Chapter-VI Miscellaneous

Section-26 Appointment of officers and other employees
Section-27 Penalty for contravention of Section 8 or Section 22 or Section 26
Section-28 Jurisdiction of courts
Section-29 Power to make rules
Section-30 Power to make rules by State Government
Section-31Power to remove difficulties
Section-32 Repeal of Act 32 of 1993


Access complete Bare Act here. To research Section and sub-section wise judgments, visit here.


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