426+ Clients Served Globally

Tejaswini Jagatap
Tejaswini Jagatap@Client
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The team is so responsive and always solve the questions that we have regarding work. They are professional and the quality of work is best. I'll definitely recommend this team to everyone!
Ankit Itoria
Ankit Itoria@username
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The owner has wide knowledge about setting up a Business and their service is very prompt and delightful. If you are looking for experienced consultancy for your business you should try this out.on
Harshal Thakare
Harshal Thakare@Client
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Called on Sunday evening to help me with trademark registration and Udyog buddy team filled it in less than 24 hrs. One phone call and few messages back and forth and the work was done.


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 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 (hereafter referred to as “Specified Companies”), shall submit a half yearly return to the Ministry of Corporate Affairs stating the following:

  1. the amount of payment due and
  2. the reasons of the delay;

Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification.


Every specified company shall file a half yearly return in e-from MSME Form I as:  

Filing PeriodDue date of Filing
From April to September31st October, 2021
From October to March30th April, 2021

Details to be furnished in e-form MSME FORM I

Companies must furnish the following details to their concerning ROC via form MSME 1:

  • The amount of payment due
  • The reasons for the delay
  • Supplier name
  • PAN of supplier
  • Date from which amount is due
  • Optional attachment if any

Applicability on Companies:

It has been mandated to file disclosures through Form MSME I for every type of the Company – Public or Private Company, Micro or Small Companies; the Company that satisfies the following two conditions:

Condition 1: Company must have received Goods and/or Services from Micro or Small Enterprise

Condition 2: Payment must have been due/not paid, to such Micro and Small Enterprise for 46 days from the date of acceptance.

Late Filing Penalty for MSME Form 1

If any company fails to comply or furnishes any information or statistics which is incorrect/incomplete in any material respect, the company and every officer of the company who is in default shall be liable to a penalty of Rs. 25,000 and in case of continuing failure, with a further penalty of Rs. 1,000 for each day after the first during which such failure continues, subject to a maximum of Rs. 3,00,000.