Outstanding payments to micro and small enterprises must be reported to the registrar via initial and half yearly returns with supplier details. Form I requires companies to file initial and half yearly returns with the registrar disclosing outstanding payments to micro and small enterprises, providing supplier level particulars, PAN, amounts due and dates, classification of payments by whether paid within or after 45 days and amounts outstanding, reasons for delay, attachments, and a digital signature by an authorised signatory with a statutory declaration of correctness.
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Outstanding payments to micro and small enterprises must be reported to the registrar via initial and half yearly returns with supplier details.
Form I requires companies to file initial and half yearly returns with the registrar disclosing outstanding payments to micro and small enterprises, providing supplier level particulars, PAN, amounts due and dates, classification of payments by whether paid within or after 45 days and amounts outstanding, reasons for delay, attachments, and a digital signature by an authorised signatory with a statutory declaration of correctness.
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