The msmed act 2006

Surrender K Singal (Querist) 29 September 2014 This query is : Resolved
Are there any decisions covering defaults of Sections 22 & 23 of The MSMED Act, 2006, as most of Public Sector Buyer organisations remain illeterate / ignorant / callous about such mandatory provisions to be complied with by their statutory Auditors ?

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T. Kalaiselvan, Advocate (Expert) 05 October 2014
Singal sir, what is that you want to clarify about? As far as section 22 of the act the buyer has to audit his accounts separately for the interest portion too, however for any case law, it will be better if the income tax site is accessed.

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