According to the latest notification issued by the MCA (Ministry of Corporate Affairs) it has mandated to file disclosures in Form MSME I for every type of the Company [Whether Public or Private Company] which satisfies following two conditions:
| Condition 1 | Condition 2 |
|---|---|
| Company which has received Goods and/or Services from Micro or Small Enterprise | Payment due/not paid to such Micro and Small Enterprise for 46 days from date of acceptance |
Micro and Small Enterprises above means any class or classes of enterprises (including proprietorship, Hindu undivided family, partnership firm, company, undertaking, association of persons or co-operative society) shall be:
1. Micro Enterprise whose:
a) investment in plant and machinery does not exceed 25 lakh rupees if such enterprises engaged in the manufacture or production of goods; or
b) investment in equipment does not exceed 10 lakh rupees if such enterprises engaged in providing or rendering of services;
