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CS Professional · Arbitration, Mediation and Conciliation · Introduction to Conciliation and its Importance for MSMEs

Nair Components, a small supplier, makes a reference under section 18 of the MSMED Act, 2006 to the Facilitation Council. Within how many days from the date of making the reference must the reference be decided?

The reference must be decided within ninety days from the date it is made. Section 18(5) of the MSMED Act sets this period for every reference to the Facilitation Council. The thirty-day period is only the reply time for a conciliation invitation under the 1996 Act.

  1. AThirty days
  2. BSixty days
  3. CNinety daysCorrect
  4. DOne hundred and eighty days

Explanation

Section 18(5) of the MSMED Act provides that every reference made under the section shall be decided within ninety days from the date of making the reference. Thirty days is the reply period for a conciliation invitation under section 62(4), a different provision.

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