Company to get themselves onboarded on the Trade Receivables Discounting System platforms

This query is : Resolved

Leo A/cs (Querist)
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26 March 2025 My company is not registered under MSME but having turnover above 250 Crores, do we need to get ourselves onboarded on the Trade Receivables Discounting System platforms as per notification of RBI for Co's registered under the Companies Act, 2013 (18 of 2013) .

Or which companies need to get registered under this, please clear.

Regards

kowsalya

kowsalya (Expert)
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27 March 2025 Hi
It is not mandatory for the Company to get registered under MSME to get onboarded on the trade receivable discounting system platforms.
All the Companies ( public and private) with the turnover above Rs.500 Crores and all public sector enterprises and large government companies with substantial transactions with msme are mandatorily required to get registered.