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<h1>Companies Must File Half-Yearly Returns for Overdue Payments to SMEs u/s 405 of Companies Act 2013.</h1> The Central Government mandates that companies receiving goods or services from micro and small enterprises, with payments overdue by more than 45 days, must submit a half-yearly return to the Ministry of Corporate Affairs. This requirement, under section 405 of the Companies Act, 2013, necessitates these 'Specified Companies' to report the amount due and reasons for delay. The Specified Companies Order, 2019, requires filing MSME Form I within 30 days of the order's publication and subsequently by October 31 and April 30 for the respective half-year periods.