Tag: msme

Pre-packaged insolvency resolution process for micro small and medium enterprises- IBC (Amendment) Ordinance 2021

Pre-packaged insolvency resolution process for micro small and medium enterprises- IBC (Amendment) Ordinance 2021 The President of India has Promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021to amend the Insolvency and Bankruptcy Code, 2016. According to the Ordinance, due to the COVID-19 pandemic impact on businesses, financial …

Charging of interest on delayed payments to MSMEs in GeM

Charging of interest on delayed payments to MSMEs in GeM No. F. 6/18/2019-PPDGovernment of IndiaMinistry of Finance Department of Expenditure Procurement Policy Division 512, Lok Nayak Bhawan,New Delhi Dated the 3rd July 2020 OFFICE  MEMORANDUM Subject: Prompt payment to suppliers including MSMEs: Charging of interest on delayed payments …