MSMED definition
Examples of MSMED in a sentence
If the Supplier is a micro, small or medium enterprise within the meaning of the Micro, Small and Medium Enterprises Development Act, 2006 ("MSMED Act"), it shall promptly furnish a declaration of the same to the Buyer along with such documentary evidence (including registration, memorandum etc.
If there is any change in the status of the Supplier under the provisions of the MSMED Act, the same shall be promptly disclosed in writing to the Buyer and the Buyer reserves the right to effect a modification in payment terms accordingly.
Otherwise it will be construed that the firm is not registered as per MSMED Act, 2006.
For such categories of eligible Supplier//, payment terms shall be in accordance with the provisions of the MSMED Act.
If the party is registered as Micro/Small/Medium Enterprise as per MSMED Act, 2006, the same may be confirmed by the party and submit a self attested photocopy of the registration certificate in support thereof (as per Annexure-II).
The benefits of the Public Procurement Policy for MSEs Order, 2012 shall be considered only if self- certified copy of valid registration certificate of MSME as per the MSMED Act, 2006 along with the status of MSEs owned by SC/ST Entrepreneurs, if applicable, is provided.
The Benefits of the Public Procurement Policy for MSEs Order, 2012 on MSMED Act 2006 shall not be applicable on Works Contracts means wherein transfer of property in Goods involved in execution of such contracts i.e. wherein both material and services are involved.
The Tenderer is required to furnish the details regarding its status of Micro, Small and Medium Enterprise under the MSMED Act, 2006 under Sr. No. 7 of declaration form-II at the time of submission of their quotation.
Company’s recipient unit located at , doesn’t qualify as Micro, Small & Medium (Manufacturing) Enterprise under the MSMED Act.
Power Purchaser’s recipient unit located at , does not qualify as Micro, Small & Medium (Manufacturing) Enterprises under the MSMED Act, 2006 OR the Power Purchaser who qualifies as Micro, Small & Medium (Manufacturing) Enterprises under the MSMED Act, 2006 having registration no.