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CMA Final · Corporate and Economic Laws · Specific Legal Provisions related to MSME Sector

Under the MSMED Act, 2006, the power of the Central Government to remove difficulties in giving effect to the Act by order published in the Official Gazette is subject to which limit?

The Central Government may remove difficulties by Gazette order, but the proviso to Section 31(1) says no such order can be made after two years from the commencement of the Act. Each order must also be laid before each House of Parliament.

  1. ANo order may be made after two years from the commencement of the ActCorrect
  2. BNo order may be made after five years from the commencement of the Act
  3. COrders may be made at any time but must be approved by the State Legislatures
  4. DOrders may be made only with the prior consent of the Board

Explanation

The proviso to Section 31(1) bars any order after two years from commencement of the Act. Section 31(2) requires every order to be laid before each House of Parliament as soon as may be after it is made. The five-year option is wrong because the period stated is two years.

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