Companies With Turnover Above Rs 250 Crore Must Get Onboarded on ‘Trade Receivables Discounting Platforms’ by 31.03.2025
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- Last Updated on 11 November, 2024
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Notification No. S.O. 4845(E), Dated: 07.11.2024
In line with section 9 of the MSME Development Act, 2006, the Central Government has mandated that all companies registered under the Companies Act, 2013, with a turnover of more than Rs. 250 crores and all Central Public Sector Enterprises (CPSEs) be onboarded on the Trade Receivables Discounting System (TReDS) platforms as notified by the RBI. The onboarding process for these entities must be completed by March 31, 2025.
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