The (“the Act”) Micro, small and medium enterprises development ( MSME ) act 2006 has been notified. It has received the assent of the president on 16th June 2006. The president under notification is dated 9th May 2007. The MSME registration has amended the Government of India. Classification of Enterprises As per section 7(1) of the act and Ministry Notification dated on 29th September 2006. The following enterprises ( whether proprietorship,HUF, AOP, Co-op Society, partnership or any other legal entity, by whatever name called) were classified as ( MSME ) micro, small and medium enterprises . The business related in manufacture of goods or the production affecting to any business mentioned in (Development and Regulation) Act, 1951. (i) Micro Enterprise : where the finance in plant and machinery is upto Rs. 25 lakhs. (ii) Small Enterprise : where the finance in plant and machinery exceeds RS. 25 lakhs. But it’s upto Rs. 5 crores. (iii) ...