Micro, Small & Medium Enterprise

MSMEs are businesses classified by size, revenue, and employees, contributing significantly to employment and economic growth.

Buy now Image Affordable & Transparent Buy now Image
Buy now Image Affordable & Transparent Buy now Image
Buy now Image Affordable & Transparent Buy now Image

Wish Legals

Unlock Your Business With Free Expert Consultation!

☰
✖

MSME Samadhan & Recovery Under MSMED Act

Delayed payments are a recurring challenge for MSMEs, impacting cash flow and operational stability. The MSMED Act provides statutory protection to MSMEs by enabling them to file claims for delayed payments through the MSME Samadhaan Portal and approach Facilitation Councils for time-bound recovery. We assist in end-to-end claim filing, representation, and enforcement of awards under this mechanism.

What is Micro, Small & Medium

Micro

Investment

Upto 1 crore

Turnover

Upto 5 crore

Small

Investment

Upto 10 crore

Turnover

Upto 50 crore

Medium

Investment

Upto 50 crore

Turnover

Upto 250 crore

Micro, Small & Medium

Micro

Investment
1 crore +

Turnover
5 crore +

Small

Investment
10 crore +

Turnover
50 crore +

Medium

Investment
50 crore +

Turnover
250 crore +

Advantages

Advantages
of MSME
Statutory remedy for delayed payments
Back Content
Time-bound resolution via Facilitation Councils
Back Content
No court fees or prolonged litigation
Back Content
Legal recognition of MSME claims
Back Content
Enforceability of awards as court decrees
Back Content
Online claim filing through Samadhaan Portal
Back Content
Improved creditor position and leverage
Back Content
Increased payment discipline among counterparties
Back Content

Step by Step

Udyam verification and claim eligibility check

Collection of invoices and contractual documentation

Filing of application on MSME Samadhaan Portal

Submission before the MSME Facilitation Council

Step Flow

Participation in conciliation proceedings

Referral to arbitration (if conciliation fails)

Representation in arbitration and award enforcement

Execution of recovery through court process

Step By Step

All directors and subscribers must obtain DSC for digitally signing incorporation documents electronically.
Directors must secure a DIN from the MCA to be legally recognized as company directors.
Apply for name approval through SPICe+ (MCA portal), ensuring it aligns with business objectives and is not already registered.
Submit key documents including Memorandum of Association (MoA), Articles of Association (AoA), SPICe+ Form, and declarations by directors.
Upon MCA approval, the company receives a Certificate of Incorporation, including PAN & TAN registration.
Open a corporate bank account, register with SEBI (if applicable), comply with ROC filings, GST, and taxation requirements, and issue shares as per regulations.