The Micro, Small and Medium Enterprises Development Act, 2006
Central Act · Act 27 of 200631 provisions4 citing judgments
The enactment
| Long title | 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. |
|---|---|
| Type | Act |
| Citation | Act 27 of 2006 |
| Year | 2006 |
| Jurisdiction | Central |
| Ministry | Ministry of Micro, Small and Medium Enterprises |
| Status | In force as published by the source |
| Provisions published | 31 |
| Subjects | corporate |
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- Section 1 Short title and commencement.
- Section 2 Definitions.
- 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.
- Section 7 Classification of enterprises.
- Section 8 Memorandum of micro, small and medium enterprises.
- Section 9 Measures for promotion and development.1 citing judgment
- 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.
- 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.1 citing judgment
- Section 19 Application for setting aside decree, award or order.2 citing judgments
- 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.
- Section 26 Appointment of Officers and other employees.
- Section 27 Penalty for contravention of section 8 or section 22 or section 26.
- Section 29 Power to make rules.
- Section 30 Power to make rules by State Government.
- Section 31 Power to remove difficulties.
- Section 32 Repeal of Act 32 of 1993.
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