Legal Foundations of Start-up Incorporation and Compliance Assessment
Module 7 • 10 Questions
Question 1 of 10
0 of 10 answered
A corporate buyer purchases goods from a registered MSME Micro Enterprise. Based on the MSME payment protections described in the notes, within how many days must the buyer settle the dues, and how is a delay beyond that limit handled?
A
Dues must be settled within 45 days; delays beyond 45 days are tracked and reported to the ministry via Form MSME-1.
B
Dues must be settled within 90 days; delays are reported via Form DPT-3.
C
Dues must be settled within 30 days; delays are reported via Form PAS-3.
D
Dues must be settled within 180 days; delays require filing Form INC-20A.