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      Question

      According to the MSMED Act, 2006, any reference made to

      Micro and small enterprise facilitation council shall be resolved within ________ from date of reference.
      A 30 days Correct Answer Incorrect Answer
      B 45 days Correct Answer Incorrect Answer
      C 60 days Correct Answer Incorrect Answer
      D 90 days Correct Answer Incorrect Answer
      E 120 days Correct Answer Incorrect Answer

      Solution

      The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions of Delayed Payment to Micro and Small Enterprise (MSEs). (Section 15- 24). State Governments to establish Micro and Small Enterprise Facilitation Council (MSEFC) for settlement of disputes on getting references/filing on Delayed payments. State Government/UTs are requested to ensure that the MSE Facilitation Council hold meetings regularly and delayed payment cases are decided by the Councils within a period of 90 days as stipulated in the MSMED Act , 2006. .

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