New Definition of Micro, Small and Medium Enterprises – clarifications

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..... l Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks / District Central Co-operative Banks All-India Financial Institutions All Non-Banking Financial Companies Dear Sir / Madam, New Definition of Micro, Small and Medium Enterprises clarifications Please refer to the circular FIDD.MSME NFS.BC.No.3/06.02.31/2020-21 dated July 2, 2020 on Credit flow to .....

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..... tion all enterprises are required to register online and obtain Udyam Registration Certificate . All lenders may, therefore, obtain Udyam Registration Certificate from the entrepreneurs. 2.2 Validity of EM Part II and UAMs issued till June 30, 2020 (i) The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 shall re .....

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..... ncome Tax Act and not cost of acquisition or original price, which was applicable in the context of the earlier classification criteria. 3. In view of the above, instructions contained in circular FIDD.MSME NFS.BC.No.10/06.02.31/2017-18 dated July 13, 2017 on Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises documents to be relied up .....

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