In India, under section 7 of the Micro, Small and Medium Enterprises Development (MSMED) Act 2006, the Indian government states the size of micro, small and medium enterprises.In Case of Manufacturing EnterprisesMicro Enterprises: Investment in the plant and equipment doesn't go beyond 25 lakh ...
Sec15 of MSMED Act 2006,says Where any supplier supplies any goods or renders any services to any buyer, the buyer shall make payment therefor on or before the date agreed upon between him and the supplier in writing or, where there is no agreement in this behalf, before the appointed ...
As per the MSMED Act, organisations are classified into two types: MSME (Manufacturing Enterprises) These are companies that are engaged in the production and manufacture of goods pertaining to an industry that is mentioned under the first schedule of theIndustries (Development and Regulation) Act o...