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CS Executive · Setting Up of Business, Industrial and Labour Laws · Micro, Small and Medium Enterprises

Kavita Steels plans a medium enterprise to manufacture goods of an industry listed in the First Schedule to the Industries (Development and Regulation) Act, 1951. Which authority receives its memorandum under Section 8?

The memorandum goes to the authority specified by Central Government notification. Section 8(3) assigns this to medium enterprises, while the State Government specifies the authority only for micro and small enterprises under Section 8(4).

  1. AThe authority specified by the State Government
  2. BThe Micro and Small Enterprises Facilitation Council of the State
  3. CThe authority specified by notification of the Central GovernmentCorrect
  4. DThe Advisory Committee under the Act

Explanation

Section 8(3) provides that the authority for a medium enterprise's memorandum is specified by notification by the Central Government. Section 8(4) gives the State Government this role only for micro and small enterprises. The Facilitation Council deals with payment disputes, not filing.

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