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The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) has been enacted as a Central Act with the intent of fostering the growth and development of Micro, Small and Medium Enterprises (MSMEs), and to ensure timely payment of dues and speedy execution of awards in case of delayed payments to MSMEs and also to ensure healthy working capital flow for such units. This Act was enacted to extend policy support for the small enterprises so that they were enabled to grow to the next lThe Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) has been enacted as a Central Act with the intent of fostering the growth and development of Micro, Small and Medium Enterprises (MSMEs), and to ensure timely payment of dues and speedy execution of awards in case of delayed payments to MSMEs and also to ensure healthy working capital flow for such units. This Act was enacted to extend policy support for the small enterprises so that they were enabled to grow to the next ltaxmann.com Latest ArticlesRead More