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Full Guide to Half Yearly Return e-Form MSME 1 Under MCA

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All About MCA Half Yearly Return MSME 1 Form

 All About The Filing of e-Form MSME FORM I

“Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprises.”

The appropriate section of the Companies Act, 2013

The e-Form MSME I is needed to be furnished beneath the Order dated 22 January 2019 issued under Section 405 of the Companies Act, 2013.

Purpose of Form MSME I

This form informs the ROC regarding the default in the payment by Companies to their MSME (Micro and small) vendors.

Applicability:

Every company that completes the below-stated process is needed to furnish an e-form MSME-1.

  1. The company secures MSME-registered vendors.
  2. The company do the late payment to these MSME vendors exceeding 45 days from the acceptance date of goods or services in the half-year mentioning the below facts:
  3. The amount of payment due.
  4. The cause of the late payment.

Applicable Due Date of The From-

DurationDue Date
Outstanding MSME Transactions for the half-year ending April to SeptemberOctober 31
Outstanding MSME Transactions for the half-year ending October to MarchApril 30

Subjected Fees:

For the form, there are no fees and also no fees are there for late filing of MSME-1.

Certification From 

The form is needed to be digitally signed by 

Director/Company Secretary/ CEO/ CFO/ Manager
  • If the designation chosen is the director, give an approved DIN.
  • Please provide a valid PAN, if the designation opted is Manager or CEO, or CFO.
  • If the designation was chosen as Company Secretary, then furnish a valid Membership number when the case is other than Section 8 company.
  • For Section 8 company (MCA) and if designation set as ‘company secretary’, then furnish either the membership number or PAN.

Kind of Processing 

The form would be processed in STP mode. 

Generation of SRN

On successful submission of the e-Form MSME FORM I, SRN shall get generated and prompt the user which will be utilized for future correspondence with MCA.

Generation of Challan

On successful submission of the e-Form MSME FORM I, a challan would get generated describing the particulars of the fees paid by the user to the Ministry.

Penalty for Late Filing of ROC Return

When the company furnishes the form after the due date then the company is responsible for penalty u/s 405 of Companies Act, 2013.

ROC might furnish notice for adjudication of penalty for late filing of e-form.
CompanyDirector
Rs.25,000 & In continuing default Rs.1000 per day for a threshold of Rs. 3 LakhsApril 30

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