18 Jul MCA Notification: Amendment to Specified Companies Order on MSME Payments, July 2024
Notification No. S.O. 2751(E)
Date: July 15, 2024
The Ministry of Corporate Affairs (MCA) has issued Notification No. S.O. 2751(E) dated July 15, 2024, to notify the Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Amendment Order, 2024.
Amendment Details:
- Title and Commencement:
- This Order is titled the Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Amendment Order, 2024.
- It shall come into force on the date of its publication in the Official Gazette.
- Amendments to the 2019 Order:
- Paragraph 3 Amendment:
- A proviso is added stating that only those specified companies with payments pending to micro or small enterprises for more than 45 days from the date of acceptance or deemed acceptance of goods or services (as per Section 9 of the Micro, Small and Medium Enterprises Development Act, 2006) are required to furnish the information in MSME Form-1.
- Annexure Amendment:
- The existing MSME Form-1 in the Annexure is replaced with a new form.
For the complete notification and the updated form, please visit:
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