Form 1 MSME for private and public limited company 2019 govt. notification

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;