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The MSMED Act, 2006 focuses on the promotion and development of MSMEs in India by providing a legal framework for their growth, facilitating access to finance, and ensuring easier registration. In contrast, the Insolvency and Bankruptcy Code (IBC), 2016 provides a detailed insolvency resolution process for firms, including MSMEs. Section 240A of the IBC specifically offers MSMEs a special protection in the insolvency process, providing them with a different resolution approach as compared to other companies. The MSMED Act facilitates growth, while the IBC addresses insolvency concerns with provisions specially designed for MSMEs, balancing protection and debt resolution.
Who will receive this year's Immigrant Achievement Award for their contributions to higher education in the US?
What is the total outlay allocated for the PM Vishwakarma scheme, which aims to uplift artisans and craftspeople across India?
What is the rationale for including Indian Government Securities in global bond indices like Bloomberg EM Local Currency Index and FTSE EMGBI?
_____ edition of Winter olympics was held in Beijing, China from 4 - 20th February, 2022?
Indian state “Kerala” recently launched an android App “Shaili”. Which one of the following is this App related to?
What is the total cost of developing the Multi Modal Logistics Park (MMLP) in Nagpur under the PPP model?
What is the focus area of Wipro Consumer Care–Ventures' 'Fund II,' which is a Rs 250 crore fund?
NPCI sets_____ as a deadline to activate offline payments on RuPay cards.
Which statement is correct about “Dugdh Sanakalan Sathi Mobile App"
a. This mobile application was developed by Rajasthan Electronics & Instr...
The MEP on basmati rice was set at how much per tonne before it was lifted?