Lacunae present In India’s New Labor Codes
“Dignity of labor has to be our national duty, it has to be a part of our nature.”
Search Results for: MSMEs in India
Stemming the outflow of foreign firms from India
To make India a beacon for foreign investment, it is important to delineate and implement a legal framework concerned with labour laws and dispute resolution following discussions with all stakeholders concerned.
Insolvency Resolutions: A special case for MSMEs
The government has introduced the pre-packaged insolvency resolution process (PPIRP) for MSMEs, which allows them to initiate an insolvency process with the approval of two-thirds of their creditors.
Key Highlights of Budget 2023: First Budget of Amrit Kaal and A Blueprint of India @100
Finance Minister has announced a scheme to support state governments and municipalities in replacing their old polluting vehicles.
PRE-PACKAGED INSOLVENCY PROCESS FOR MSMEs
To provide a relief to MSME and to offer them some respite from this pandemic, the process of pre-packaged insolvency resolution was introduced. This PIRP was introduced by way of ordinance dated 04.04.2021 by the Ministry of Law and Justice.
Relief for MSMEs in Response to COVID-19, No Fresh Insolvency Proceedings for 1 Year
The Ministry of Corporate Affairs had earlier limited initiation of fresh insolvency proceedings for a period of 6 months which now stands extended to 1 year.
A universal loan portal launched by Small Industries Development Bank of India
Entrepreneurs can apply online for Micro Small Medium Enterprise (MSME) loans up to Rs. 2 crore without visiting their respective bank branches.
How is GST going to affect MSMEs?
GST is an indirect taxation in India which is supposed to merge most of the existing taxes into a single system of taxation.
Start Up India – An Initiative By Prime Minister Of India
Prime Minister Narendra Modi first announced the Start-up campaign on 15th August from the Red Fort. He launched the most awaited movement #Startup India which has brought lots of posibility among the entrepreneurs in India.
Treatment of MSME Insolvency under IBC
The COVID-19 crisis has caused distress and failure in the MSME sector. The insolvency law since its enactment in 2016 has been amended several times in order to protect the interest of MSMEs as well as the future and growth of the Country.
UDYAM REGISTRATION
Udyam Registration a government registration for MSMEs which provides them with a unique identity number and a recognition certificate to certify them as micro/ medium or small enterprises.
Proposed Amendment by the Ministry of Corporate Affairs
Proposed Amendments in a circular issued on 18.01.2023, the Ministry of Corporate Affairs has proposed numerous changes in IBC.
INTRODUCTION OF PRE-PACKS
Pre-pack mechanism, differs from the existing corporate insolvency resolution process (CIRP) and what challenges this new mechanism is likely to bring.
Analysis of the Pre-Packaged Insolvency Resolution Process and its advantages as compared to the CIRP
The Pre-Packaged Insolvency Resolution Process (PPIRP) mechanism have helped the MSMEs to a great extent in order to revive their operations as a going concern.
Mechanism to protect Micro and Small Enterprises from delayed payment
Recover the money against the supply made along with interest notified by the Reserve Bank of India (RBI) if any company make the payment after 45 day of acceptance of goods and service from any MSME’s vendor.
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