I was running a manufacturing unit. The investment falls under small enterprise as per MSMED Act 2006. I have not filed EM-PART-1 & EM PART-2 with Local DIC.
I have supplied material to a customer. He is not making any payment to me since 2 years. Due to that, i have to close down my unit but not surrendered my VAT Registration.
I told him that i will go to MSME Facilitation council to recover my dues. He told me that Since i have not filed EM-PART-1 & EM PART-2 from DIC, i will not be able to recover my dues under section 2 (n) of MSMED Act 2006.
I have gone thru MSMED Act & found that Section 8 (1) a says that a small enterprises may file memorandum at his discretion.
Can i file Part-2 with DIC Now ?.
Kindly guide / advise me.