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    Question

    Under the MSMED Act, within how many days must a buyer

    pay an MSME supplier before the seller can approach the Facilitation Council (MSEFC)?
    A 15 days Correct Answer Incorrect Answer
    B 30 days Correct Answer Incorrect Answer
    C 45 days Correct Answer Incorrect Answer
    D 60 days Correct Answer Incorrect Answer
    E 90 days Correct Answer Incorrect Answer

    Solution

    Payments to MSMEs must be made within 45 days. Beyond this, the supplier can file a delayed payment claim with the MSEFC, which has quasi-judicial powers.

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