1 - Short title and commencement - Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd January, 2019 S.O. 368(E).- Whereas, the Central Government vide notification number S.O. 5622(E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) (hereafter referred to as Specified Companies ), shall submit a half yearly return to the Ministry of Corporate Affairs stating the following: (a) the amount of payment due; and (b) the reasons of the delay; And whereas, in exercise of power under section 405 of the Companies Act, 2013, (18 of 2013) the Central Government, considers it necessary to require Specified Companies to furnish above information under said section of the Act. Now, therefore, in exercise of the powers conferred by section 405 of the Companies Act, 2013 (18 of 2013) , the Central Government hereby makes the following Order, namely:- 1. Short title and commencement .- (1) This Order may be called the Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019. (2) It shall come into force from the date of its publication in the Official Gazette.