Micro Small & Medium Enterprises (‘MSME’) Ready Reckoner is a comprehensive book on laws governing MSMEs in India. It provides an analysis of all the provisions of the MSME Act, 2006 in an easy-to-read FAQ format, along with relevant Circulars & Notifications, illustrations, case studies, etc.
This book is a handy referencer for MSMEs and professionals associated with the MSME sector.
This book is divided into eight divisions, namely:
- MSMEs – Definition, Classification and Registration
- Benefits to Registered MSMEs
- Benefits to small businesses, whether registered MSMEs or not
- Legal forms of organisation MSME can adopt and pros & cons of choice of various legal forms
- Micro Enterprises
- Small Enterprises
- Medium Enterprises
- Start-Ups
The Present Publication is the 3rd Edition, authored by Taxmann’s Editorial Board. The law stated in the book is amended up to 6th May 2022, with the following noteworthy features:
- [Ready Reckoner(s)] (subject-wise practical guide) for the following:
- Micro Enterprises
- Small Enterprises
- Medium Enterprises
- [MSME Reckoner on Turnover-Limit Linked Compliances/Exemptions] for the following:
- Private Company
- Public Company
- Limited Liability Partnerships
- Tradition/General Partnership Firms
- HUFs/Individuals
- [Draft National Policy] for MSMEs in India
- [Udyam Registration] How to file Udyam Registration
- [Benefits available for Registered MSMEs under MSMED Act] in respect of the following for delayed payment by buyers:
- [TreDS] Trade Receivables Discounting System
- Benefits from MSME Fund
- [Pre-Packaged Insolvency Resolution Process] for debt stressed corporate MSMEs
- Public Procurement Policy
- [Central Government Schemes] for MSMEs
- [MUDRA Scheme] for funding the Non-corporate Small Business Sector (NCSBS)
- [Online Loan Approval in 59 Minutes] for MSMEs
- [Guaranteed Emergency Credit Line (GECL)] for MSMEs
The detailed contents of this book are as follows:
- MSMEs – Definition, Classification and Registration
- What is the new definition of ‘Micro Enterprises’, ‘Small Enterprises’ and ‘Medium Enterprises’?
- How to compute the investment?
- How to compute turnover
- Classification of MSMEs based on new composite criteria (with illustrations and case studies)
- Udyam Registration – How to file Udyam Registration
- How and when MSMEs will be reclassified
- What is ‘manufacturing’ or ‘production’ MSME, and what is ‘service MSME’?
- Benefits to Registered MSMEs
- Benefits from MSME Fund
- What are the benefits available to registered MSMEs under the MSMED Act in respect of protection/remedies against delayed payments by buyers
- Factoring & TReDS – Trade Receivables Discounting System
- What are other benefits available to registered MSMEs under Central Schemes?
- Distressed Asset Fund – Subordinated Debt for Stressed MSMEs (DAF-SDSM)/Credit Guarantee Scheme for Subordinate Debt (CGSSD)
- The pre-packaged insolvency resolution process for MSMEs who are corporate (i.e., Companies/LLPs)
- Benefits to Small Businesses, whether Registered MSMEs or not
- Benefits available to Small Businesses under the Income-tax Act, 1961
- Presumptive Tax Regime available under Income-tax Act to businesses which are micro-enterprises
- Presumptive Tax Regime available under Income-tax Act to micro professional enterprises
- Exemption from compulsory tax audit to micro-enterprises
- Low tax rate without exemption regime applicable to companies irrespective of size
- Concessional rate of tax for SME companies without foregoing any exemptions
- Relaxations in compliances to small companies under the Companies Act, 2013
- Relaxations in compliances to small companies due to the COVID-19 outbreak
- MUDRA Scheme – Funding the Non-Corporate Small Business Sector (NCSBS)
- PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi): A Special Micro-Credit facility for Street Vendors
- Emergency credit line guarantee scheme of Rs. 4.5 lakh crore
- 59 Minutes online loan approval for MSMEs
- Legal Forms of Organisation MSMEs Can Adopt and Pros and Cons of Choice of various Legal Forms
- What legal forms of organisations can MSMEs adopt
- Sole proprietorship
- Traditional/General Partnership/Partnership Firm
- Limited Liability Partnership (LLP)
- Companies
- Hindu Undivided Family
- Micro Enterprises
- Definition of micro-enterprises
- Legal forms of organisation that are suitable for micro-enterprises
- Registration as a micro-enterprise
- Small Enterprises
- Definition of small enterprises
- Legal forms of organisation that are suitable for small enterprises
- Registration as a small enterprise
- Medium Enterprises
- Definition of medium enterprises
- Legal forms of organisation that are suitable for medium enterprises
- Registration as a medium enterprise
- Start-Ups
- Definition of Start-up
- Benefits to DPIIT-recognised start-ups under Start-up India Scheme
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