The Micro, Small and Medium Enterprises Development Act, 2006

The Micro, Small and Medium Enterprises Development Act, 2006 is a key legislation in India aimed at promoting the growth and development of MSMEs, providing legal recognition, protection, and support to small businesses. This book presents the full text of the Act along with detailed commentary, explaining provisions related to enterprise registration, eligibility criteria, classification of enterprises, and access to government schemes and incentives.

It systematically covers compliance obligations, dispute resolution mechanisms, and the roles of regulatory authorities in facilitating MSME growth. Key topics include promotion of entrepreneurship, protection of micro and small enterprises from delayed payments, credit facilitation, and implementation of policy measures to ensure business sustainability. The commentary also highlights amendments, judicial interpretations, and practical guidance for effective application of the law.

Structured for professional and academic audiences, this publication is an indispensable resource for lawyers, entrepreneurs, policymakers, industrial managers, and students of industrial and commercial law. By combining statutory interpretation with real-world examples and practical guidance, it equips readers to navigate the legal and regulatory landscape efficiently, ensuring compliance, maximizing benefits, and mitigating risks in MSME operations.