Master statutory directory covering all 32 sections of Micro, Small and Medium Enterprises Development Act, 2006. Live search by section number or subject matter, and click through to the complete statutory practice guide.
| Section | Statutory Provision & Subject | Guide |
|---|---|---|
| Sec 1 | Short title and commencement | Guide |
| Sec 2 | Definitions (Buyer, Supplier, Enterprise, Appointed Day, Council) | Guide |
| Sec 3 | Establishment of National Board for MSME | Guide |
| Sec 4 | Removal of member from Board | Guide |
| Sec 5 | Functions of Board | Guide |
| Sec 6 | Powers and functions of Member-Secretary of Board | Guide |
| Sec 7 | Classification of enterprises (Micro, Small & Medium) | Guide |
| Sec 8 | Memorandum of micro, small and medium enterprises (Udyam) | Guide |
| Sec 9 | Measures for promotion and development | Guide |
| Sec 10 | Credit facilities | Guide |
| Sec 11 | Procurement preference policy | Guide |
| Sec 12 | Simplifying compliance and procedures | Guide |
| Sec 13 | Grants by Central Government | Guide |
| Sec 14 | Administration and utilisation of National Fund | Guide |
| Sec 15 | Liability of buyer to make payment (45-Day Deadline) | Guide |
| Sec 16 | Compound interest at 3x RBI Bank Rate | Guide |
| Sec 17 | Recovery of amount due | Guide |
| Sec 18 | Reference to Facilitation Council (MSEFC) | Guide |
| Sec 19 | Mandatory 75% Pre-Deposit to Challenge Award | Guide |
| Sec 20 | Establishment of Facilitation Council (MSEFC) | Guide |
| Sec 21 | Composition of Facilitation Council | Guide |
| Sec 22 | Requirement to specify unpaid amount in annual accounts | Guide |
| Sec 23 | Interest not to be allowed as income-tax deduction | Guide |
| Sec 24 | Overriding effect of Chapter V | Guide |
| Sec 25 | Scheme for closure of business of MSMEs | Guide |
| Sec 26 | Appointment of officers and employees | Guide |
| Sec 27 | Penalty for contravention of section 8 or 22 | Guide |
| Sec 28 | Offences by companies | Guide |
| Sec 29 | Power of Central Government to make rules | Guide |
| Sec 30 | Power of State Government to make rules | Guide |
| Sec 31 | Power to remove difficulties | Guide |
| Sec 32 | Act to have overriding effect | Guide |