Companies: File Half Yearly Statement of dues to Micro & Small Enterprises having outstanding for more than 45 Days

 

All companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty-five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) (hereafter referred to as “Specified Companies”), shall submit a half yearly return to the Ministry of Corporate Affairs stating the following:-

1. the amount of payment due and
   b. the reasons of the delay;

Every specified company shall file a return as per MSME Form I, by  the due date which is 31st October 2020 for the period from April 2020 to September 2020.

If the payment is remaining due for more than 45 days then report the same to ROC the following details:

1. Name of Suppliers (individually)
2. PAN of suppliers (Individually)
3. Amount due to suppliers ( Individually)
4. Specify the date from which amount is due ( Individually )
5. Reason for the DELAY, if any.

Company must ensure to file the same in e-Form MSME I.

			CLASSIFICATION
	SR NO.	TYPE	INVESTMENT IN PLANT AND MACHINERY FOR MANUFACTURING ENTITY	INVESTMENT IN EQUIPMENTS EXCLUDING LAND AND BUILDING FOR SERVICE ENTITY
	1	MICRO	LESS THAN 25 LAKHS	LESS THAN 10 LAKHS
	2	SMALL	25 LAKHS TO 5 CRORE	10 LAKHS TO LAKHS
	3	MEDIUM	5 CRORE TO 10 CRORE	1 CRORE TO 5 CRORE
	* IF THE PAYMENT IS REMAINING DUE FOR MORE THAN 45 DAYS THEN REPORT THE SAME TO ROC THE FOLLOWING
	SR.NO	PARTICULARS	REMARKS
	1	NAME OF SUPPLIERS	___________________________________
	2	PAN OF SUPPLIERS	___________________________________
	3	AMOUNT DUE TO SUPPLIERS	___________________________________
	4	DATE FROM WHICH AMOUNT IS DUE	___________________________________
	5	REASONS OF THE DELAY	___________________________________
	* THE TIMELINE FOR FILING OF E-FORM MSME I IS ON OR BEFORE 31.10.2020