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Legal Framework MSMED Act, 2006

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Current affairsMSME Development (Amendment) Bill, 2026: Free Registration, TReDS Mandate for CPSEs, and Faster Dispute ResolutionParliament passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, during the Monsoon Session — Rajya Sabha on August 3 and Lok Sabha on August 7, 2026. The Bill mandates free, voluntary MSME registration on a national digital platform, requires Central Public Sector Enterprises to clear MSME invoices via TReDS, establishes strict timelines for mediation and arbitration of delayed-payment disputes, and decriminalises several violations.

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