The Interest on Delayed Payments to Small Scale and ancillary Industrial Undertakings Act, 1993

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Description
*    Repealed by The Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006)
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Contents
1.    Short title, extent and Commencement
2.    Definitions
3.    Liability of Buyer to make Payment
4.    Date from which and Rate at which Interest is Payable
5.    Liability of Buyer to pay Compound Interest
6.    Recovery of amount due
7.    Appeal
7A.  Establishment of Industry Facilitation Council
7B.  Composition of Industry Facilitation Council
7C.  Laying of Rules before State Legislature
8.    Requirement to Specify unpaid amount with Interest in the Annual Statement of Accounts
9.    Interest not to be Allowed as deduction from Income
10.  Over-riding Effect
11.  Repeal and Saving
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