Question

Under the MSMED Act, 2006, what is the maximum time

Q: Answer-Under the MSMED Act, 2006, what is the maximum time frame within which an MSME must file a claim for...

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.

frame within which an MSME must file a claim for delayed payments with the Facilitation Council?

A 30 days from the receipt of payment

B 60 days from the receipt of payment

C 90 days from the receipt of payment

D 120 days from the receipt of payment

E 180 days from the receipt of payment

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Under the MSMED Act, 2006, what is the maximum time

Solution