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

Under Section 8 of the MSMED Act, 2006, who decides the form of the memorandum and the procedure for filing it?

The Central Government decides, by notification, after obtaining the recommendations of the Advisory Committee. Section 8(2) fixes the form and procedure of filing, and Section 8(5) requires the specified authorities to follow that procedure.

  1. AEach State Government by its own rules
  2. BThe Central Government by notification, after obtaining the Advisory Committee's recommendationsCorrect
  3. CThe Micro and Small Enterprises Facilitation Council
  4. DThe authority with which the memorandum is filed, at its own choice

Explanation

Section 8(2) says the form, procedure and incidental matters are notified by the Central Government after obtaining the Advisory Committee's recommendations. Section 8(5) requires the State and Central authorities to follow that notified procedure, so option A and D are wrong.

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