ENA MSME 2025-01-07 15:11:06 <p><span style="font-size:14px"><strong>New Delhi, Jan 7 (KNN)</strong> The Ministry of Micro, Small, and Medium Enterprises (MSME) is set to host a vital Stakeholder Consultation on reducing compliance burden for MSMEs under the Companies Act, 2013.</span></p> <p><span style="font-size:14px">This event will take place in hybrid mode on 10th January, 2025 in New Delhi, as well as online.</span></p> <p><span style="font-size:14px">The consultation will focus on addressing regulatory reforms and proposing amendments to enhance ease of doing business for MSMEs.</span></p> <p><span style="font-size:14px">With the objective of simplifying compliance requirements under the Companies Act, 2013, the event will bring together key stakeholders, including representatives from the Ministry of MSME, Ministry of Corporate Affairs, MSME industry associations, legal experts, academia, and professionals such as Chartered Accountants and Company Secretaries.</span></p> <p><span style="font-size:14px">Among the key areas of discussion are the harmonisation of MSME definitions under the Companies Act, 2013, and the MSMED Act of 2006, to create a cohesive policy framework.</span></p> <p><span style="font-size:14px">Proposals to eliminate filing fees for companies below certain thresholds will also be discussed to encourage startups and small businesses to formalise their operations.</span></p> <p><span style="font-size:14px">Simplification of statutory audit requirements for micro-enterprises and measures to ease complex processes related to mergers, acquisitions, and business closures will form part of the agenda.</span></p> <p><span style="font-size:14px">Moreover, the session will emphasise integrating MSMEs into the PM Internship Scheme, an initiative designed to strengthen workforce capabilities and bridge the skill gap.</span></p> <p><span style="font-size:14px">Participants who are interested to join online can contact Mayank Gaur at <a href="mailto:mayank@fisme.org.in">mayank@fisme.org.in</a> or <a href="tel:+919958340195">+9199583 40195</a> for the virtual link of the session.</span></p> <p><span style="font-size:14px">The Companies Act, 2013, a comprehensive law governing the formation and operation of companies in India, has been pivotal in ensuring corporate transparency and governance.</span></p> <p><span style="font-size:14px">However, its extensive compliance requirements pose challenges for MSMEs due to their limited resources and infrastructure.</span></p> <p><span style="font-size:14px">The Background Note accompanying this consultation highlights these challenges while proposing targeted reforms to reduce the compliance burden, ensuring a more supportive regulatory framework for MSMEs.</span></p> <p><span style="font-size:14px">This consultation aims to build on these insights to drive meaningful policy changes for the sector.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40545 https://knnindia.co.in/news/newsdetails/msme/msme-ministry-to-host-consultation-on-reducing-compliance-burden-under-companies-act-2013 2025-01-07 15:11:06 knnindia.co.in