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Micro Small and Medium Enterprises Development Act ,2006 ( MSMED ACT 2006)

Micro Small and Medium Enterprises Development Act ,2006 ( MSMED ACT 2006)

Apart from giving legal strength to the definition of Micro Small and Medium Enterprises, this Act also contains Penal Provisions related to the Delayed Payment of the Enterprises.
Entrepreneur’s Memorandum (E M) Part – I for Proposed Enterprises
Entrepreneur’s Memorandum (E M) Part – II for Existing Enterprises
E M can be acknowledged to Servicing Enterprises like Legal, Accounting, Real Estate Advertising, Whole Sale Trade, Educational, Health, Financial, Transport, Communication, Labs Beauty Parlors and Crèches etc. and there is NO Negative List  of services that are not to be acknowledged. Services like : Legal, Accounting, Real Estate Advertising, Whole Sale Trade, Educational, Health, Financial, Transport, communication, Labs Beauty Parlours, Creches Etc fall under Service Sector Classification List.



ENTERPRISES (I) Enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (DEV & Regul.Act 1951) or Employing plant & Machinery in the process of value addition to the final product having a distinct name or character of use as :- Enterprises engaged in providing or Rendering Services :-
MICRO (A) Where the investment in plant and machinery does not exceed twenty five Lakh Rupees. (A) Where the investment in Equipment does not exceed Ten Lakh Rupees.
SMALL (B) Where the investment in plant and machinery is more than twenty five Lakh Rupees but does not exceed five Crores Rupees (B) Where the investment in Equipment is more than Ten Lakh Rupees but does not exceed Two Crores Rupees
MEDIUM (C) Where the investment in plant and machinery is more than five Crores Rupees but does not exceed Ten Crores Rupees
(Original Purchase Value not Depreciated)
(C) Where the investment in Equipment is more than Two Crores Rupees but does not exceed Five Crores Rupees



Forms for EM can be downloaded from:- http://www.laghu-udyog.com or http://www.smallindustryindia.com

   Prime Minister's Employment Generation Programe   |   Society Registration   |   MSMED ACT 2006   |   ACT
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