Half Yearly MSME Return
Half Yearly MSME ReturnOverview of MSME Return (MSME Form 1)
The MSME Return (Form MSME-1) is a mandatory compliance requirement introduced to safeguard the interests of Micro and Small Enterprises (MSEs). Every company that receives goods or services from registered MSEs must file this return if the payment to such vendors exceeds 45 days from the date of acceptance of goods or services.
This return is filed half-yearly with the Registrar of Companies (ROC) and ensures timely payment to MSEs, promoting better cash flow and financial stability for small businesses. Non-compliance can attract penalties under the Companies Act, 2013.
At Cardiff Service, we provide end-to-end assistance in preparing and filing MSME Form 1, ensuring your company stays compliant while supporting fair business practices with small and medium enterprises.
Features of MSME Return (Form MSME-1)
Mandatory Half-Yearly Filing – Applicable to all companies dealing with MSEs.
Focus on Vendor Protection – Ensures Micro and Small Enterprises receive timely payments.
Regulatory Oversight – Strengthens monitoring by MCA on delayed payments.
Transparency in Dealings – Promotes fair trade practices between companies and small suppliers.
Compliance Assurance – Avoids penalties under the Companies Act, 2013.
Documents Required for MSME Return
Details of Outstanding Payments – To Micro and Small Enterprises beyond 45 days.
MSME Vendor Information – Name, PAN, and Udyam/Registration details of suppliers.
Invoice Copies – Related to goods or services procured.
Company Details – CIN, registered office address, and authorized signatory details.
Board Resolution (if required) – Approving the filing of MSME Return.
Procedure for MSME Return Filing
Data Collection – Gather vendor details and records of outstanding payments beyond 45 days.
Verification – Cardiff Service team checks vendor eligibility under MSME Act.
Preparation of MSME Form 1 – Drafting details of default payments and company particulars.
Review & Approval – Obtain internal/company approval before filing.
Filing with ROC – Submit MSME Form 1 online using DSC of authorized director.
Acknowledgement – Receipt of confirmation from MCA portal for compliance records.
Frequently Asked Questions
A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.
If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.
It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.
For a company name search in Cardiff, you may need:
Proposed company name
Business entity type (Ltd, LLP, Partnership, etc.)
Jurisdiction (Cardiff / UK)
Owner or shareholder details (if applicable)
Business description
A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.
Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms