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<h1>Companies with turnover over Rs. 500 crore must join TReDS platform per MSME Development Act, 2006 directive.</h1> The Ministry of Micro, Small and Medium Enterprises mandates that all companies registered under the Companies Act, 2013, with a turnover exceeding Rs. 500 crore, and all Central Public Sector Enterprises must join the Trade Receivables Discounting System (TReDS) platform, as per the Reserve Bank of India's notification. The Registrar of Companies in each state will oversee compliance for companies, while the Department of Public Enterprises will monitor compliance for Central Public Sector Enterprises. This directive is issued under the authority of the Micro, Small and Medium Enterprises Development Act, 2006.