+91 9772022200

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, along with relevant Circulars & Notifications, illustrations, case studies, etc. This book is divided into eights divisions, namely:

MSMEs – Definition, Classification and Registration

Benefits to Registered MSMEs

Benefits to Small Businesses, whether Registered MSMEs or not

Legal Forms of Organisation MSMEs Can Adopt and Pros and Cons of Choice of various Legal Forms

Micro Enterprises

Small Enterprises

Medium Enterprises

Start-Ups

The Present Publication is the 2nd Edition, authored by Taxmann’s Editorial Board and amended up to 2nd July 2021. The noteworthy features of the book are as follows:

Ready Reckoner (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

Limited Liability Partnerships

Tradition/General Partnership Firms/HUFs/Individuals

Coverage of COVID-19 Relief Packages, such as:

Guaranteed Emergency Credit Line (GECL Scheme)

Loan Guarantee Scheme for COVID affected Sectors (LGSCAS)

Emergency Credit Lime Guarantee Scheme (ECLGS)

Credit Guarantee Scheme for MFIs (CGSMFI)

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’/‘production’ MSME, and what is ‘service MSME’?

Benefits to Registered MSMEs

What are the benefits available to registered MSMEs under the MSMED Act in respect of protection/remedies against delayed payments by buyers

TReDS – Trade Receivables Discounting System

Public Procurement Policy

What are other benefits available to registered MSME under Central Schemes?

Distressed Asset Fund – Subordinated Debt for Stressed MSMEs (DAF-SDSM)/Credit Guarantee Scheme for Subordinate Debt (CGSSD)

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 Companies Act, 2013

Relaxations in compliances to small companies due to 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

Guaranteed Emergency Credit Line (GECL Scheme) (as clarified by NCGTC and PIB’s Press release, dated 28-6-2021)

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 medium enterprise

Start-Ups

Definition of Start-up

Benefits to DPIIT-recognised start-ups under Start-up India Scheme