Bare Act Search Results

Micro, Small and Medium Enterprises Development Act, 2006 Chapter III

Title: Classification of Enterprises, Advisory Committee and Memorandum of Micro, Small and Medium Enterprises

State: Central

Year: 2006

.....co-operative society, partnership firm, company or undertaking, by whatever name called,-- (a) in the case of the enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951(65 of 1951), as-- (i) a micro enterprise, where the investment in plant and machinery does not exceed twenty-five lakh rupees; (ii) a small enterprise, where the investment in plant and machinery is more than twenty-five lakh rupees but does not exceed five crore rupees; or (iii) a medium enterprise, where the investment in plant and machinery is more than five crore rupees but does not exceed ten crore rupees; (b) in the case of the enterprises engaged in providing or rendering of services, as-- (i) a micro enterprise, where the investment in equipment does not exceed ten lakh rupees; (ii) a small enterprise, where the investment in equipment is more than ten lakh rupees but does not exceed two crore rupees; or (iii) a medium enterprise, where the investment in equipment is more than two crore rupees but does not exceed five crore rupees. Explanation 1.--For the removal of.....

Micro, Small and Medium Enterprises Development Act, 2006 Chapter II

Title: National Board for Micro, Small and Medium Enterprises

State: Central

Year: 2006

.....matter. Section 5 - Functions of Board The Board shall, subject to the general directions of the Central Government, perform all or any of the following functions, namely:-- (a) examine the factors affecting the promotion and development of micro, small and medium enterprises and review the policies and programmes of the Central Government in regard to facilitating the promotion and development and enhancing the competitiveness of such enterprises and the impact thereof on such enterprises; (b) make recommendations on matters referred to in clause (a) or on any other matter referred to it by the Central Government which, in the opinion of that Government, is necessary or expedient for facilitating the promotion and development and enhancing the competitiveness of the micro, small and medium enterprises; and (c) advise the Central Government on the use of the Fund or Funds constituted under section 12. Section 6 - Powers and functions of Member-Secretary of Board Subject to other provisions of this Act, the Member-Secretary of the Board shall exercise such powers and perform such functions as may be prescribed.

Micro, Small and Medium Enterprises Development Act, 2006 Section 8

Title: Memorandum of Micro, Small and Medium Enterprises

State: Central

Year: 2006

.....established-- (a) a small scale industry and obtained a registration certificate, may, at his discretion; and (b) an industry engaged in the manufacture or production of goods pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951(65 of 1951), having investment in plant and machinery of more than one crore rupees but not exceeding ten crore rupees and, in pursuance of the notification of the Government of India in the erstwhile Ministry of Industry (Department of Industrial Development) number S.O.477(E) dated the 25th July, 1991 filed an Industrial Entrepreneur's Memorandum shall within one hundred and eighty days from the commencement of this Act, file the memorandum, in accordance with the provisions of this Act. (2) The form of the memorandum, the procedure of its filing and other matters incidental thereto shall be such as may be notified by the Central Government after obtaining the recommendations of the Advisory Committee in this behalf. (3) The authority with which the memorandum shall be filed by a medium enterprise shall be such as may be specified by notification, by the Central Government. (4).....

Micro, Small and Medium Enterprises Development Act, 2006 Preamble 1

Title: Micro, Small and Medium Enterprises Development Act, 2006

State: Central

Year: 2006

THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 [Act, No. 27 of 2006] [16th June, 2006] PREAMBLE An Act to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto. WHEREAS a declaration as to expediency of control of certain industries by the Union was made under section 2 of the Industries (Development and Regulation) Act, 1951; AND WHEREAS it is expedient to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto; BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows:--

Micro, Small and Medium Enterprises Development Act, 2006 Complete Act

Title: Micro, Small and Medium Enterprises Development Act, 2006

State: Central

Year: 2006

.....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

Micro, Small and Medium Enterprises Development Act, 2006 Chapter IV

Title: Measures for Promotion, Development and Enhancement of Competitiveness of Micro, Small and Medium Enterprises

State: Central

Year: 2006

.....institutions and public sector enterprises. Section 12 - Funds There shall be constituted, by notification, one or more Funds to be called by such name as may be specified in the notification and there shall be credited thereto any grants made by the Central Government under section 13. Section 13 - Grants by Central Government The Central Government may, after due appropriation made by Parliament by law in this behalf, credit to the Fund or Funds by way of grants for the purposes of this Act, such sums of money as that Government may consider necessary to provide. Section 14 - Administration and utilisation of Fund or Funds (1) The Central Government shall have the power to administer the Fund or Funds in such manner as may be prescribed. (2) The Fund or Funds shall be utilised exclusively for the measures specified in subsection (1) of section 9. (3) The Central Government shall be responsible for the coordination and ensuring timely utilisation and release of sums in accordance with such criteria as may be prescribed.

Micro, Small and Medium Enterprises Development Act, 2006 Section 25

Title: Scheme for Closure of Business of Micro, Small and Medium Enterprises

State: Central

Year: 2006

Notwithstanding anything contained in any law for the time being in force, the Central Government may, with a view to facilitating closure of business by a micro, small or medium enterprise, not being a company registered under the Companies Act, 1956(1 of 1956), notify a Scheme within one year from the date of commencement of this Act.

Finance Act, 2008 Complete Act

State: Central

Year: 2008

..... SECTION 62: Financial arrangements avoidance: Schedule 22 contains provision about avoidance involving financial arrangements. SECTION 63: Manufactured payments: (1) Schedule 23 contains anti-avoidance provisions about manufactured payments. (2) The amendments made by that Schedule have effect in relation to manufactured payments (including deemed manufactured payments) made (or treated as made) on or after 31 January 2008. SECTION 64: Controlled foreign companies: (2) In section 747 (imputation of chargeable profits of controlled foreign companies)- (1) Chapter 4 of Part 17 of ICTA (controlled foreign companies) is amended as follows. (a) in subsection (6), before "and" at the end of paragraph (a) insert- "(aa) any reference in this Chapter to its chargeable profits for an accounting period includes (subject to subsections (7) to (9)) income which accrues during that accounting period to the trustees of a settlement in relation to which the company is a settlor or a beneficiary;", and (b) after that subsection insert- "(7) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in subsection (6)(aa), the income is to be.....

Inter State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 Complete Act

State: Central

Year: 1979

.....contractor, agents, employee or otherwise) to produce a given result for the establishment, other than a mere supply of goods or articles of manufacture to such establishment, by the employment of workmen or to supply workmen to the establishmment, and includes a sub-contractor, Khatadar, Sardar, agent or any other person, by whatever name called, who recruits or employs workmen; (c) "controlled industry" means any industry the control of which by the Union has been declared by any Central Act to be expedient in the public interest; (d) "establishment" means - (i) any office or department of the Government or a local authority; or (ii) any place where any industry, trade business, manufacture or occupation is carried on; (e) "inter-State migrant workman" means any person who is recruited by or through a contractor in one State under an agreement or other arrangement for employment in an establishment in another State, whether with or without the knowledge of the principal employer in relation to such establishment; (f) "prescribed" means prescribed by rules made under Act, (g) "principal employer" means,- (i) in relation to any office or department of the Government or a.....

Contract Labour (Regulation and Abolition) Act, 1970 Complete Act

State: Central

Year: 1970

.....establishment, means a person who undertakes to produce a given result for the establishment, other than a mere supply of goods or articles of manufacture to such establishment, through contract labour or who supplies contract labour for any work of the establishment and includes a sub -contractor; (d) "controlled industry" means any industry the control of which by the Union has been declared by any Central Act to be expedient in the public interest; (e) "establishment" means- (i) any office or department of the Government or a local authority, or (ii) any place where any industry, trade, business, manufacture or occupation is carried on; (f) "prescribed" means prescribed by rules made under this Act ; (g) "principal employer" means- (i) in relation to any office or department of the Government or a local authority, the head of that office or department or such other officer as the Government or the local authority, as the case may be, may specify in this behalf, (ii) in a factory, the owner or occupier of the factory and where a person has been named as the manager of the factory under the Factories Act, 1948 (63 of 1948)-, the person so named, (iii) in a mine, the owner or.....