🇮🇳India

MSMED उल्लंघन जुर्माना

1 verified sources

Definition

Non-compliance with 45-day payment to MSME contractors results in fines and potential imprisonment, common in construction-related retail where contractors are often MSMEs.

Key Findings

  • Financial Impact: ₹ Fines + imprisonment risk per violation
  • Frequency: Per audit finding or complaint
  • Root Cause: Lack of automated MSME status verification in contractor onboarding

Why This Matters

The Pitch: Building Materials retailers in India risk ₹ fines and jail for MSME payment delays in contractor management. Automated compliance checks prevent penalties.

Affected Stakeholders

CFO, Compliance Officer, Vendor Manager

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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