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ANNEX - SAMPLE DISCLOSURE UNDER THE MSMED ACT

(usually made under the Notes to Accounts of the financial statements by a company)

  • Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006:
    • There is no payment due to suppliers as at the end of the accounting year on account of principal and interest.
    • No interest was paid during the year in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 and no amount was paid to the suppliers beyond the appointed date.
    • No interest is payable at the end of the year other than interest under Micro, Small and Medium Enterprises Development Act, 2006
    • No amount of interest was accrued and unpaid at the end of the accounting year.
  • As per the information available with the company, there were no transactions with micro, small and medium enterprises, as defined under the Micro, Small and Medium Enterprises Development Act, 2006.




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