TypeBare Act JurisdictionCentral Government Enacted2006

Micro, Small and Medium Enterprises Development Act, 2006

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https://sooperkanoon.com/act/51311

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About this act

Micro, Small and Medium Enterprises Development Act, 2006 (2006) is Central state legislation published on SooperKanoon in full. Use this page to read the bare act and jump to judgments that cite it.

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Act Text

Preamble1 - Micro, Small and Medium Enterprises Development Act, 2006

ChapterI - Preliminary

Section1 - Short Title and Commencement

Section2 - Definitions

ChapterII - National Board for Micro, Small and Medium Enterprises

Section3 - Establishment of Board

Section4 - Removal of Member from Board

Section5 - Functions of Board

Section6 - Powers and Functions of Member-secretary of Board

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

Section7 - Classification of Enterprises

Section8 - Memorandum of Micro, Small and Medium Enterprises

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

Section9 - Measures for Promotion and Development

Section10 - Credit Facilities

Section11 - Procurement Preference Policy

Section12 - Funds

Section13 - Grants by Central Government

Section14 - Administration and Utilisation of Fund or Funds

ChapterV - Delayed Payments to Micro and Small Enterprises

Section15 - Liability of Buyer to Make Payment

Section16 - Date from Which and Rate at Which Interest is Payable

Section17 - Recovery of Amount Due

Section18 - Reference to Micro and Small Enterprises Facilitation Council

Section19 - Application for Setting Aside Decree, Award or Order

Section20 - Establishment of Micro and Small Enterprises Facilitation Council

Section21 - Composition of Micro and Small Enterprises Facilitation Council

Section22 - Requirement to Specify Unpaid Amount with Interest in the Annual Statement of Accounts

Section23 - Interest Not to Be Allowed as Deduction from Income

Section24 - Overriding Effect

Section25 - Scheme for Closure of Business of Micro, Small and Medium Enterprises

ChapterVI - Miscellaneous

Section26 - Appointment of Officers and Other Employees

Section27 - Penalty for Contravention of Section 8 or Section 22 or Section 26

Section28 - Jurisdiction of Courts

Section29 - Power to Make Rules

Section30 - Power to Make Rules by State Government

Section31 - Power to Remove Difficulties

Section32 - Repeal of Act

ScheduleI - First Schedule

ScheduleII - Second Schedule

Frequently asked questions

What is the Micro, Small and Medium Enterprises Development Act, 2006?

The Micro, Small and Medium Enterprises Development Act, 2006, enacted in 2006, is Central state legislation available in full text on SooperKanoon. It is commonly used for legal research alongside judgments that interpret and apply its provisions.

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Micro, Small and Medium Enterprises Development Act, 2006

About this act

Act Text

Frequently asked questions

Brief any judgment in 18 sections.