Question
Under the MSMED Act, 2006, what is the maximum time
frame within which an MSME must file a claim for delayed payments with the Facilitation Council?Solution
The MSMED Act, 2006 allows MSMEs to file a claim for delayed payments within 90 days of the receipt of goods or services. If the payment is not made within the specified period, the MSME can seek intervention from the Facilitation Council.
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