Guide to Micro, Small and Medium Enterprises Development Act, 2006
 

Bharat's Guide to Micro, Small and Medium Enterprises Development Act, 2006 – 1st Edition, 2025 is a well-structured and insightful legal handbook that presents a comprehensive understanding of the MSMED Act, 2006, along with its regulatory framework, legal provisions, practical implications, and compliance requirements. This guide has been specially designed to cater to the needs of entrepreneurs, legal professionals, policymakers, chartered accountants, company secretaries, consultants, and students seeking clarity on the MSME legal ecosystem in India.

The book offers a section-wise commentary on the MSMED Act, 2006, supplemented with relevant rules, case laws, notifications, and government schemes. It serves as an essential resource for understanding MSME classification, registration process, legal rights, delayed payment redressal, credit facilitation, and compliance obligations.

Key Features:

• Detailed Commentary on MSMED Act, 2006: Provides clause-wise explanation of all sections under the Act with emphasis on the legal framework supporting micro, small, and medium enterprises in India.

• Updated as per Latest Notifications & Amendments: Covers recent changes in MSME classification criteria, Udyam registration guidelines, and related circulars issued by the Ministry of MSME and RBI.

• Focus on Legal Rights & Dispute Resolution: Explains in detail the provisions relating to protection against delayed payments, including MSE Facilitation Councils, recovery mechanisms, and recent judicial interpretations.

• Incorporates Rules, Forms, and Guidelines: Includes prescribed rules, procedural forms, and operational guidelines under the Act to support easy and accurate compliance.

• Coverage of Government Schemes & Support Mechanisms: Discusses key MSME schemes like Credit Guarantee Fund Scheme, CGTMSE, Emergency Credit Line Guarantee Scheme (ECLGS), and Production Linked Incentive (PLI).

• Practical Orientation: Offers compliance checklists, flowcharts, sample forms, and practical guidance to support smooth implementation of MSMED provisions in business operations.

• Case Law Reference & Illustrative Analysis: Highlights landmark judgments and rulings that have shaped MSME jurisprudence, with real-life case studies to support practical understanding.

Why This Book is Essential:

• Single-Window Legal Resource for MSMEs: Offers all relevant legal and regulatory information on MSMEs in one consolidated volume.

• Must-Have for Legal & Financial Advisors: A vital resource for lawyers, consultants, CAs, CSs, and corporate advisors advising startups, SMEs, and growing enterprises.

• Supports Entrepreneurs & Business Owners: Equips business owners with legal knowledge and tools to leverage their rights under the MSMED Act and safeguard their business interests.

• Enhances Compliance & Governance: Helps organizations maintain legal compliance, avoid penalties, and strengthen their standing in supplier and buyer contracts.

• First Edition with Comprehensive Coverage: As the first edition in 2025, this book stands out for being fully up to date and inclusive of the most current MSME policy developments.

Bharat's Guide to Micro, Small and Medium Enterprises Development Act, 2006 – 1st Edition, 2025 is a timely and essential guide for navigating India’s MSME legal framework, empowering stakeholders with the knowledge and resources needed for sustainable growth, legal protection, and regulatory compliance.