The Central Government vide its notification dated November 02, 2018 had directed that every *“Specified Company” shall file MSME Form I with details of all outstanding dues to Micro or Small Enterprises suppliers existing on the date of notification of this order (i.e. January 22, 2019) within 30 days from date of publication of this notification i.e. on or before February 21, 2019.
However, as per the recent circular published by MCA on February 21, 2019 the due date of filing MSME Form I for the Specified Companies has been extended and the Companies now have to file the specified form within 30 days from the date of publication of MSME Form I on MCA 21 Portal. As of now, the specified form has not been published yet.
*Specified Companies include the following:
All companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five (45) days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of section 9 of the Micro, Small and Medium Enterprises Development Act, 2006.