Trade payables disclosure requires segregating MSME dues and detailed interest-related disclosures, enhancing transparency and compliance obligations. The notification amends Schedule III to require separate presentation of trade payables: (A) dues to micro and small enterprises and (B) dues to other creditors. It inserts Note FA mandating disclosure of unpaid principal and interest, interest paid under section 16 of the MSMED Act and payments beyond the appointed day, interest due for delayed payments (excluding MSMED-specified interest), interest accrued and unpaid, and further interest remaining due for disallowance under section 23 of the MSMED Act, with defined terms aligned to section 2 of the MSMED Act.
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Trade payables disclosure requires segregating MSME dues and detailed interest-related disclosures, enhancing transparency and compliance obligations.
The notification amends Schedule III to require separate presentation of trade payables: (A) dues to micro and small enterprises and (B) dues to other creditors. It inserts Note FA mandating disclosure of unpaid principal and interest, interest paid under section 16 of the MSMED Act and payments beyond the appointed day, interest due for delayed payments (excluding MSMED-specified interest), interest accrued and unpaid, and further interest remaining due for disallowance under section 23 of the MSMED Act, with defined terms aligned to section 2 of the MSMED Act.
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