Not all MSMEs covered under Section 43B(H)
While giving a masterclass on Section 43B(H) Ashok Saigal explained that all MSMEs are not covered under the section, which asks corporates to pay delayed payments to micro and small enterprises. He said that medium enterprises are not covered under the aforesaid section because of the term enterprises, due to how the term ‘enterprises’ is defined under it.
13:23 (IST) 8 Mar 2024
Masterclass by Ashok Saigal
Clause 15 of Section 43B(H) says that in no case the period agreed upon between the supplier and the buyer in writing shall exceed forty-five days from the day of acceptance or the day of deemed acceptance, explained Ashok Saigal while giving his Masterclass on Section 43B(H).
13:17 (IST) 8 Mar 2024
Masterclass by Ashok Saigal on section 43B(H) for MSMEs: Boon or Bane?
12:56 (IST) 8 Mar 2024
Supply-chain big problem for MSMEs
Supply-chain disruption is a big risk for MSMEs. These risks will eventually convert to financial risk later on. MSMEs should move towards technology that’ll make their business smoother and advance to mark themselves to the global level, said Preeti Saharan, Partner with KPMG
