The Ministry of Corporate Affairs (MCA) on July 15, 2024, issued the Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Amendment Order, 2024 to further amend the Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019.
The following amendments have been stated:
• In paragraph 3, the following proviso shall be inserted, namely:-
"Provided that only those specified companies which are having payments pending to any micro or small enterprises for more than 45 days from the date of acceptance or the date of deemed acceptance of the goods or services under section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall furnish the information in MSME Form-1."
• In Annexure, for MSME Form-1, the following form has been substituted.
{Notification No. S.O. (E)]
