The Micro, Small and Medium Enterprises Development Act, 2006

This edition of The Micro, Small and Medium Enterprises Development Act, 2006, updated with the latest amendments and allied rules up to 2026, serves as a comprehensive and authoritative legal reference for entrepreneurs, legal professionals, business owners, policymakers, compliance officers, financial institutions, and students dealing with MSME laws and industrial development in India. Presented as a Bare Act with short comments, the book provides the exact statutory framework governing micro, small, and medium enterprises along with important rules, notifications, policies, and procedural guidelines.

The book incorporates amendments introduced by The Mediation Act, 2023 (32 of 2023, dated 14-9-2023), ensuring alignment with the latest dispute resolution and business facilitation mechanisms applicable to MSMEs. It also includes allied rules, public procurement policies, facilitation council procedures, and notifications relevant to enterprise development, delayed payment recovery, and state support mechanisms.

The content extensively covers:

• The Micro, Small and Medium Enterprises Development Act, 2006
• Classification and recognition of micro, small, and medium enterprises
• Measures for promotion, development, and enhancement of MSME competitiveness
• Provisions relating to registration and enterprise facilitation
• Delayed payment provisions and statutory interest mechanisms
• Micro and Small Enterprises Facilitation Council procedures
• Dispute resolution and mediation-related provisions
• The MSME Development (Furnishing of Information) Rules, 2016
• The Micro, Small and Medium Enterprises Fund Rules, 2016
• The National Board for Micro, Small and Medium Enterprises Rules, 2006
• Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012, as amended
• Format of Memorandum and filing procedures before Facilitation Councils
• Notifications specifying enterprises covered under the MSMED Act, 2006
• Guidelines for financial assistance to states and agencies
• Existing upgradation and training centre provisions
• Extracts from relevant legislative provisions affecting MSMEs
• The Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993

This edition is particularly suitable for:

• MSME owners, startups, and entrepreneurs
• Advocates and legal professionals handling commercial and industrial matters
• Chartered accountants, company secretaries, and compliance consultants
• Government departments and policy implementation authorities
• Banking and financial institution professionals dealing with MSME financing
• Law, commerce, and business administration students
• Procurement and contract management professionals

Whether used for legal compliance, enterprise management, financial recovery proceedings, policy implementation, or academic study, this updated Bare Act provides a reliable and current compilation of the MSME Development legal framework along with all relevant rules, policies, notifications, and procedural guidelines applicable in 2026.