INTEREST ON DELAYED PAYMENTS TO SMALL SCALE AND ANCILLARY INDUSTRIAL UNDERTAKINGS ACT, 1993

INTEREST ON DELAYED PAYMENTS TO SMALL SCALE AND ANCILLARY INDUSTRIAL UNDERTAKINGS ACT, 1993

S.1 Short title, extent and commencement

S.2 Definitions

S.3 Liability of buyer to make payment

S.4 Date from which and rate at which interest is payable

S.5 Liability of buyer to pay compound interest

S.6 Recovery of amount due

S.7(c) Laying of rules before State Legislature

S.7(b) Composition of Industry Facilitation Council

S.7 Appeal

S.7(a) Establishment of Industry Facilitation Council

S.8 Requirement to specify unpaid amount with interest in the annual statement of accounts

S.9 Interest not to be allowed as deduction from income

S.10 Overriding effect

S.11 Repeal and saving

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