MSME amended an older notification related to the classification of enterprises as micro, small, or medium enterprise

Mar 22, 2025 | by TeamLease RegTech Legal Research Team

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Commercial ComplianceThe Ministry of Micro, Small and Medium Enterprises (MSME) on March 21, 2025, amended an older notification No. S.O. 2119 (E), dated June 26, 2020, related to the classification of enterprises as micro, small, or medium enterprises.

The following has been stated: - 

•In the notification in paragraph 1,– 

(i)In clause (i),- (a) for the words “one crore”, the words “ two crores and fifty lakhs” shall be substituted; (b) for the words “five crores”, the words” ten crores” shall be substituted; 

(ii)In clause (a) for the words “ten crores”, the words “twenty-five crore” shall be substituted; (b) for the words “fifty crore”, the words “one hundred crores” shall be substituted; 

(iii)In clause (a) for the words “fifty crores”, the words “one hundred twenty-five crore”, shall be substituted; (b) for the words “two hundred and fifty crores”, the words “five hundred crores” shall be substituted;

This notification shall come into force with effect from April 01, 2025.

The detailed notification is given in the document below.

[Notification No. S.O. 1364(E)]

 

 


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