MEANING OF Micro & Small Filing of MSME-1 - Series - 415
MEANING OF Micro & Small
Filing of MSME-1
Many Professionals / corporate are confused in relation to meaning of Micro and Small enterprises in respect of Notification dated 22nd January, 2019. In this editorial, author will discuss meaning of MSME for purpose of this notification.
Classification of enterprises.—(1) Notwithstanding anything contained in section 11B of the
Industries (Development and Regulation) Act, 1951 (65 of 1951),the Central Government may, for the purposes of this Act, by notification and having regard to the provisions of sub-sections (4) and (5), classify any class or classes of enterprises, whether proprietorship, Hindu undivided family, association of persons, co-operative society, partnership firm, company or undertaking, by whatever name called,—
(a) in the case of the enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 (65 of 1951),as—
(i) a micro enterprise, where the investment in plant and machinery does not exceed twenty five lakh rupees;
(ii) a small enterprise, where the investment in plant and machinery is more than twenty-five
lakh rupees but does not exceed five crore rupees; or
(iii) a medium enterprise, where the investment in plant and machinery is more than five
crore rupees but does not exceed ten crore rupees;
I. What is meaning of Micro and Small enterprises:-
Meaning of Micro Enterprise:
Meaning of Small Enterprise:
II. Whether for purpose of filing of e-form MSME-1 by specified Companies. Whether Micro or Small Companies required to obtain registration under MSME Act or not?-
III. Which type of entities cover under Micro and Small entities?-
IV. How to identify whether creditors entity falls under Micro and Small or not?-
V.How many Disclosure Company have to make in respect of delay in payment to Micro and Small Company:
First: Specified Companies needs to file MSME Form -1 with ROC as per MCA notification dated 22nd January, 2019.
Second: As per Section 22 of MSME Act, 2006 “Where any buyer is required to get his annual accounts audited under any law for the time being in force, such buyer shall furnish the following additional information in his annual statement of accounts, namely:
VI. Which are Specified Companies:-
VII. Which form Specified Company required to file with ROC:-
Two Type of Returns required filing by “Specified Companies” like:
· One Time Return
VIII. Which is due date of filing of “One Time Return”?
IX. In “One Time Return” which type of information required to submit with ROC?
X. Which is due date of filing of “Half Yearly Return”?For half year period ‘October to March’ 30th April
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 This provision has no relation for filing of MSME-1