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THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The Micro, Small and Medium Enterprises Development Act, 2006

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Sections

An ACT

Section 1
CHAPTER I

CHAPTER I - PRELIMINARY

Section 2

Section 1. Short title and commencement

Section 1

Section 1(2)

Section 1

Section 2. Definitions

Section 2

Section 2(a)

Section 2

Section 2(b)

Section 2

Explanation to Section 2(b)

Section 2

Section 2(b)(i)

Section 2

Section 2(b)(i)(a)

Section 2

Section 2(b)(i)(b)

Section 2

Section 2(b)(ii)

Section 2

Section 2(c)

Section 2

Section 2(d)

Section 2

Section 2(e)

Section 2

Section 2(f)

Section 2

Section 2(g)

Section 2

Section 2(h)

Section 2

Section 2(i)

Section 2

Section 2(j)

Section 2

Section 2(k)

Section 2

Section 2(l)

Section 2

Section 2(m)

Section 2

Section 2(n)

Section 2

Section 2(n)(i)

Section 2

Section 2(n)(ii)

Section 2

Section 2(n)(iii)

Section 2

Section 2(o)

Section 2

Section 2(p)

Section 2
CHAPTER II

CHAPTER II - NATIONAL BOARD FOR MICRO, SMALL AND MEDIUM ENTERPRISES

Section 30

Section 3. Establishment of Board

Section 3

Section 3(2)

Section 3

Section 3(3)

Section 3

Section 3(3)(a)

Section 3

Section 3(3)(b)

Section 3

Section 3(3)(c)

Section 3

Section 3(3)(d)

Section 3

Section 3(3)(e)

Section 3

Section 3(3)(f)

Section 3

Section 3(3)(g)

Section 3

Section 3(3)(h)

Section 3

Section 3(3)(i)

Section 3

Section 3(3)(j)

Section 3

Section 3(3)(k)

Section 3

Section 3(3)(l)

Section 3

Section 3(3)(m)

Section 3

Section 3(3)(n)

Section 3

Section 3(3)(o)

Section 3

Section 3(4)

Section 3

Proviso to Section 3(4)

Section 3

Section 3(5)

Section 3

Section 3(5)(a)

Section 3

Section 3(5)(b)

Section 3

Section 3(5)(c)

Section 3

Section 3(6)

Section 3

Section 3(7)

Section 3

Section 3(8)

Section 3

Section 3(9)

Section 3

Section 4. Removal of member from Board

Section 4

Section 4(a)

Section 4

Section 4(b)

Section 4

Section 4(c)

Section 4

Section 4(d)

Section 4

Section 4(e)

Section 4

Section 4(2)

Section 4

Section 5. Functions of Board

Section 5

Section 5(a)

Section 5

Section 5(b)

Section 5

Section 5(c)

Section 5

Section 6. Powers and functions of Member-Secretary of Board

Section 6
CHAPTER III

CHAPTER III - CLASSIFICATION OF ENTERPRISES, ADVISORY COMMITTEE AND MEMORANDUM OF MICRO, SMALL AND MEDIUM ENTERPRISES

Section 71

Section 7. Classification of enterprises

Section 7

Section 7(1)(a)

Section 7

Section 7(1)(a)(i)

Section 7

Section 7(1)(a)(ii)

Section 7

Section 7(1)(a)(iii)

Section 7

Section 7(1)(b)

Section 7

Section 7(1)(b)(i)

Section 7

Section 7(1)(b)(ii)

Section 7

Section 7(1)(b)(iii)

Section 7

Explanation 1 to Section 7(1)

Section 7

Explanation 2 to Section 7(1)

Section 7

Section 7(2)

Section 7

Section 7(2)(a)

Section 7

Section 7(2)(b)

Section 7

Section 7(2)(c)

Section 7

Section 7(2)(d)

Section 7

Section 7(3)

Section 7

Section 7(4)

Section 7

Section 7(5)

Section 7

Section 7(6)

Section 7

Section 7(7)

Section 7

Section 7(8)

Section 7

Section 7(8)(a)

Section 7

Section 7(8)(b)

Section 7

Section 7(8)(c)

Section 7

Section 7(8)(d)

Section 7

Section 7(8)(e)

Section 7

Section 7(9)

Section 7

Section 8. Memorandum of micro, small and medium enterprises

Section 8

Section 8(1)(a)

Section 8

Section 8(1)(b)

Section 8

Section 8(1)(c)

Section 8

Section 8(1) - concluding paragraph

Section 8

Proviso to Section 8(1)

Section 8

Proviso to Section 8(1)(a)

Section 8

Proviso to Section 8(1)(b)

Section 8

Proviso to Section 8(1) - concluding paragraph

Section 8

Section 8(2)

Section 8

Section 8(3)

Section 8

Section 8(4)

Section 8

Section 8(5)

Section 8
CHAPTER IV

CHAPTER IV - MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OF COMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES

Section 113

Section 9. Measures for promotion and development

Section 9

Section 10. Credit facilities

Section 10

Section 11. Procurement preference policy

Section 11

Section 12. Funds

Section 12

Section 13. Grants by Central Government

Section 13

Section 14. Administration and utilisation of Fund or Funds

Section 14

Section 14(2)

Section 14

Section 14(3)

Section 14
CHAPTER V

CHAPTER V - DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES

Section 122

Section 15. Liability of buyer to make payment

Section 15

Proviso to Section 15

Section 15

Section 16. Date from which and rate at which interest is payable

Section 16

Section 17. Recovery of amount due

Section 17

Section 18. Reference to Micro and Small Enterprises Facilitation Council

Section 18

Section 18(2)

Section 18

Section 18(3)

Section 18

Section 18(4)

Section 18

Section 18(5)

Section 18

Section 19. Application for setting aside decree, award or order

Section 19

Proviso to Section 19

Section 19

Section 20. Establishment of Micro and Small Enterprises Facilitation Council

Section 20

Section 21. Composition of Micro and Small Enterprises Facilitation Council

Section 21

Section 21(1)(i)

Section 21

Section 21(1)(ii)

Section 21

Section 21(1)(iii)

Section 21

Section 21(1)(iv)

Section 21

Section 21(2)

Section 21

Section 21(3)

Section 21

Section 22. Requirement to specify unpaid amount with interest in the annual statement of accounts

Section 22

Section 22(i)

Section 22

Section 22(ii)

Section 22

Section 22(iii)

Section 22

Section 22(iv)

Section 22

Section 22(v)

Section 22

Section 23. Interest not to be allowed as deduction from income

Section 23

Section 24. Overriding effect

Section 24

Section 25. Scheme for closure of business of micro, small and medium enterprises

Section 25
CHAPTER VI

CHAPTER VI - MISCELLANEOUS

Section 151

Section 26. Appointment of Officers and other employees

Section 26

Section 26(2)

Section 26

Section 27. Penalty for contravention of section 8 or section 22 or section 26

Section 27

Section 27(1)(a)

Section 27

Section 27(1)(b)

Section 27

Section 27(2)

Section 27

Section 28. Jurisdiction of courts

Section 28

Section 29. Power to make rules

Section 29

Section 29(2)

Section 29

Section 29(2)(a)

Section 29

Section 29(2)(b)

Section 29

Section 29(2)(c)

Section 29

Section 29(2)(d)

Section 29

Section 29(2)(e)

Section 29

Section 29(2)(f)

Section 29

Section 29(3)

Section 29

Section 30. Power to make rules by State Government

Section 30

Section 30(2)

Section 30

Section 30(2)(a)

Section 30

Section 30(2)(b)

Section 30

Section 30(3)

Section 30

Section 31. Power to remove difficulties

Section 31

Proviso to Section 31(1)

Section 31

Section 31(2)

Section 31

Section 32. Repeal of Act 32 of 1993

Section 32

Section 32(2)

Section 32