Centre extends validation date of existing registered MSME
New Delhi, 24 Jan (KNN) In a bid to provide relief to the micro, small and medium enterprises (MSME) amid the Covid scenario, the government has extended the validity of the existing registered enterprises under MSME till March 31, 2022.
Considering the hardships faced by MSMEs during the prevailing Covid-19 situation exercise of the powers conferred by sub-sections (1) and (9) of section 7 read with sub-sections (2) and (3) of section 8 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government has hereby made the amendments in the notification of Government of India, Ministry of Micro, Small and Medium Enterprises number S.O. 2119 (E), dated the 26th June, 2020, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii).
In the said notification validity of the existing registered enterprises under MSME is extended till 31 March 2022.
The Ministry of MSME issued amendments in its earlier issued notification dated June 26, 2020, it notified the criteria for classifying the enterprises as Micro, Small, And Medium Enterprises (MSME) and specified the form and procedure for filing the memorandum in order to extend the date of validation of the existing enterprises registered prior to June 30, 2020, under the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) from March 31, 2021, to March 31, 2022.