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

Under section 18(5) of the MSMED Act, 2006, within what period must every reference made to the Facilitation Council be decided, counted from the date of making the reference?

The period is ninety days. Section 18(5) of the MSMED Act, 2006 requires every reference made to the Facilitation Council to be decided within ninety days from the date of making the reference. The forty-five-day figure relates to agreed payment periods under section 15.

  1. AThirty days
  2. BForty-five days
  3. CSixty days
  4. DNinety daysCorrect

Explanation

Section 18(5) states that every reference made under the section shall be decided within a period of ninety days from the date of making such reference. Forty-five days is the outer limit for the agreed payment period in section 15, not the decision period, which is a common mix-up.

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