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

Which statement about the power to remove difficulties under section 31 of the MSMED Act, 2006 is correct?

The Central Government may remove difficulties by a Gazette order consistent with the Act, but no order can be made after two years from commencement. Every such order must be laid before each House of Parliament, as provided in section 31.

  1. AThe Central Government may make such an order at any time without limit
  2. BThe Central Government may make such an order only until two years from commencement of the Act, and it must be laid before each House of ParliamentCorrect
  3. CThe State Government may make such an order within five years of commencement
  4. DThe Member-Secretary of the Board may make such an order, subject to prescribed powers

Explanation

Section 31 allows the Central Government to make an order published in the Official Gazette to remove difficulties, but not after two years from commencement. Every order must be laid before each House of Parliament. The State Government and the Member-Secretary have no such power there.

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