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Companies in India fail to file Form MSME-1 may face penalties of up to ₹3 lakh, along with additional penalties for responsible officers.

Missed MSME-1 Filing? Get Ready to Pay Upto 3 Lakh Penalty

Certain companies with outstanding dues to MSMEs are required to file the details of all such outstanding amounts in Form MSME-1 with the ROC.

Form MSME-1 is a half-yearly form that the companies have to file with the ROC for outstanding dues.

The Ministry of Corporate Affairs imposed a penalty of Rs. 11.67 Lakhs for Non-Filing MSME-1.

Key points on E - Form MSME-1 As per the recent amendments made under Schedule III of the Companies Act, 2013 and read with notification S.O