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THE MICRO, SMALL AND MEDIUM ENTERPRISES …

1 THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006 _____ ARRANGEMENT OF SECTIONS _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title and commencement. 2. Definitions. CHAPTER II NATIONALBOARD FOR MICRO, SMALL AND MEDIUM ENTERPRISES 3. Establishment of Board. 4. Removal of member from Board. 5. Functions of Board. 6. Powers and functions of Member-Secretary of Board. CHAPTER III CLASSIFICATION OF ENTERPRISES , ADVISORY COMMITTEE ANDMEMORANDUM OF MICRO, SMALL AND MEDIUM ENTERPRISES 7. Classification of ENTERPRISES . 8. Memorandum of micro, SMALL and MEDIUM ENTERPRISES . CHAPTER IV MEASURES FOR PROMOTION, DEVELOPMENT AND ENHANCEMENT OFCOMPETITIVENESS OF MICRO, SMALL AND MEDIUM ENTERPRISES 9.

SMALL AND MEDIUM ENTERPRISES 9. Measures for promotion and development. 10. Credit facilities. 11. Procurement preference policy. 12. Funds. 13. Grants by Central Government. 14. Administration and utilisation of Fund or Funds. CHAPTER V DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES 15. Liability of buyer to make payment. 16.

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