The MSME Form I is filed for furnishing the details with the ROC in respect to the payment outstanding for more than 45 days towards the services availed from the said MSME.
The Form is being filed in the intervals as mentioned below:
– Initial Return; or
– Regular Half Yearly Returns

All the Companies i.e. public, private, listed or unlisted etc., who get supplies of goods or services from micro and small enterprises i.e. MSME’s and whose payments to such MSME’s are overdue for more than forty-five days from the date of acceptance or the date of deemed acceptance of the goods or service.

The date of acceptance means the date of actual delivery of goods or rendering of services. Further, where any objection is made in writing by the buyer regarding acceptance of goods or services within 15 (fifteen) days from the day of delivery of goods or the rendering of services, then the day on which such objection is removed by the supplier shall be the date of acceptance of goods and services.

The deemed date of acceptance means, where no objection is made in writing by the buyer regarding acceptance of goods or services within 15 (fifteen) days from the day of the delivery of goods or the rendering of services.

Initial filing of MSME Form I within 30 days from the date of its deployment or later is called the initial return of MSME Form I. The date of the deployment of the form is May 01, 2019.

Regular filing of MSME Form I on half year basis i.e. April to September or October to March is called the half yearly return of MSME Form I.

No, MSME Form I cannot be filed with zero or NIL outstanding amount.

Any of Director, Manager, Secretary, CEO or CFO of the Company whose signature is registered on the MCA Portal may digitally sign the MSME Form I.

There is no fees imposed for filing MSME Form I.

Companies must furnish the following details to their concerning ROC via Form MSME-1:
– The amount of payment due
– The reasons for the delay
– Supplier Name
– PAN of supplier
– Date from which amount is due