Act Info:Preamble1 - MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006
Chapter I
Section1 - Short title and Commencement
Section2 - Definitions
Chapter II
Section3 - Establishment of Board
Section4 - Removal of member from Board
Section5 - Functions of Board
Section6 - Powers and functions of Member-Secretary of Board
Chapter III
Section7 - Classification of enterprises
Section8 - Memorandum of micro, small and medium enterprises
Chapter IV
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
Chapter V
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
Chapter VI
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