Government proposes norms for easier exits, revival of MSMEs The government has proposed amendments to the MSME Act with the twin objectives of time-bound exit and revival of loss-making units to help them consolidate their businesses and re-deploy capital in other greenfield ventures. Revival: MSMEs that seek early assistance to tide over difficult financial times and provide a framework where a viable MSME can seek standard as well as customised relief and concession to revive. Exit: To provide an easier and expeditious exit procedure for the benefit of promoters and guarantors through liquidation and change in management.
Posted on: Sun, 16 Nov 2014 17:54:33 +0000
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