Ritesh Jain (CA, CS in Job) (675 Points)
26 May 2016
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 26 May 2016
MSMED Act 2006 is now in operation for last 10 years. Any person who intends to establish a medium enterprise on or after 2.10.2006 has to file memorandum with the notified authority under the Act. Any person who has established scheduled industry before this date were required to file memorandum within 180 days if he had filed IEM and investment in plant & machinery exceeded Rs.1 crore but did not exceed Rs.10 crores. For others filing of memorandum is optional.
Ritesh Jain
(CA, CS in Job)
(675 Points)
Replied 27 May 2016
If a firm is under SSI/NSIC reg .. and is established before 2006... it can be treated as MSME unit now. ..The firm is producing SSI /NSIC certificate and claiming to be MSME unit under MSMED act 2006.. please reply.
Ritesh Jain
(CA, CS in Job)
(675 Points)
Replied 04 June 2016
If a firm is under SSI/NSIC reg .. and is established before 2006... it can be treated as MSME unit now. ..The firm is producing SSI /NSIC certificate and claiming to be MSME unit under MSMED act 2006.. please reply.
saurendra rautray
(Advocate)
(85 Points)
Replied 05 September 2016
Regards
Saurendra Rautray
Rautray & Co
New Delhi
www.rautray.com
09437008255
Hi,
In the earlier act that is interest in delayed payment one just need a SSI unit. After the repeal of the older act and as per new Act 2006 a unit needs two crtification one is a registration as SSI unit and the other is EM-2 certification to qualify as a manufacturer.
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