Notices · MSME
A micro or small supplier says you paid late and has referred the claim to the Council. The interest runs at three times the RBI bank rate, and an award is hard to challenge.
Quick Statutory Answer
A notice from an MSME Facilitation Council means a micro or small supplier has referred a delayed payment to it under section 18 of the MSMED Act. Section 15 caps payment at 45 days from acceptance, and section 16 makes the buyer pay compound interest at three times the RBI bank rate from the appointed day. The Council first tries conciliation, then arbitrates; an award is to be made within 90 days, and section 19 requires 75% of it to be deposited before it can be challenged.
| What | For this notice |
|---|---|
| Sent by | The Micro and Small Enterprises Facilitation Council of the state, on a supplier’s reference |
| Under | Sections 15 to 19, MSMED Act 2006 |
| Reply in | A written reply to the Council, and appearance at conciliation |
| Deadline | The date given in the Council’s notice |
| If ignored | Arbitration and an award; to challenge it you must first deposit 75% of the amount awarded |
A fill-in format: replace every [bracket] with your own facts and delete what does not apply. Copy it, or download it in Word, free.
From
[Legal name of the business] GSTIN: [GSTIN] [Principal place of business]
Date: [DD/MM/YYYY]
To
The Micro and Small Enterprises Facilitation Council [State] [Address]
Subject: Reply of the respondent (buyer) in Case No. [case number] — [name of the supplier] v. [name of your business]
Respected Sir/Madam,
1. The respondent submits its reply to the reference made by [name of the supplier] under section 18 of the MSMED Act, 2006, and denies the claim except to the extent specifically admitted.
Supplier's status
2. [If contested:] The claimant was not a micro or small enterprise on the date of the contract, [date], because [reason — for example, its Udyam registration is dated [ ] / it is registered as a trader / it was a medium enterprise]. The protection of sections 15 to 17 is therefore not available to it.
Amounts admitted
3. Invoice No. [ ] dated [ ] for Rs. [amount] was paid on [date] by [mode], reference [ ]. [Repeat for each.]
Amounts disputed
4. Invoice No. [ ] dated [ ] for Rs. [amount] is not payable because [the goods were rejected on [date] by [letter / GRN] / the services were deficient as recorded in [ ] / the quantity supplied was [ ]].
Interest
5. [If disputed:] The interest claimed is not computed from the correct appointed day and date of acceptance. The respondent's computation is enclosed.
Prayer
6. The respondent requests that the claim be rejected to the extent disputed, and is willing to explore a settlement at conciliation [on the admitted amount / on the following terms: [ ]].
Enclosures
Purchase order / contract with the payment term Delivery challans, goods receipt notes and any rejection letters Ledger of the supplier's account [Evidence of the supplier's category on the contract date]
Thanking you, For [Legal name of the business] [Name of authorised signatory] [Designation] Place: [Place]
The period agreed in writing, but never more than 45 days from the day of acceptance or deemed acceptance, under section 15 of the MSMED Act. Without a written agreement, payment is due before the appointed day under section 2(b).
Compound interest with monthly rests at three times the bank rate notified by the RBI, from the appointed day, under section 16. Section 24 gives this overriding effect over anything in the contract.
Yes, but under section 19 no court will entertain an application to set it aside unless you first deposit 75% of the amount awarded. That is why the conciliation and arbitration stages matter most.
No. The payment provisions in sections 15 to 17 protect micro and small enterprises. A supplier that was a medium enterprise on the contract date cannot use them.
An explanation of the rules, not advice on your notice. The date printed on your notice governs, and a demand of any size deserves a CA or an advocate before you reply.