Interest on Delayed Payments to Small Scale & Ancillary Industrial Undertakings Act, 1993 see Micro, Small & Medium Enterprises Act, 2006 alongwith Rules, 2006

This comprehensive edition consolidates the provisions for interest on delayed payments to Micro, Small & Medium Enterprises under the MSME Act, 2006 along with the Rules, 2006. It replaces the earlier 1993 Act and provides a modern regulatory framework for protecting the interests of small-scale suppliers and ancillary industrial undertakings. The book explains statutory obligations of buyers to make timely payments, calculation of interest on delayed amounts, registration of MSMEs, and the procedural aspects of raising claims with the concerned authorities. Annotated commentary clarifies enforcement mechanisms, dispute resolution procedures, powers of regulatory authorities, and the rights of suppliers in case of non-payment. Sample forms, checklists, and interpretative notes make it easier for MSMEs, legal teams, and corporate compliance officers to implement the law effectively. Designed for businesses, legal practitioners, and government officials, this volume serves as a single-source reference for understanding, applying, and enforcing delayed payment interest provisions. It bridges the gap between statutory text and practical application, helping small-scale suppliers secure timely payments and maintain compliance with Indian MSME regulations.