Micro, Small, and Medium Enterprise Insolvency
Title | Micro, Small, and Medium Enterprise Insolvency PDF eBook |
Author | Rizwaan Jameel Mokal |
Publisher | |
Pages | |
Release | 2018 |
Genre | Bankruptcy |
ISBN | 9780191864759 |
This volume systematically examines the current process for distressed Micro, Small and Medium Enterprises (MSMEs), and proposes a different, more appropriate, 'modular' approach to the treatment of such entities when faced with insolvency proceedings.
Treatise on Micro, Small and Medium Enterprises
Title | Treatise on Micro, Small and Medium Enterprises PDF eBook |
Author | Rajeev Babel |
Publisher | Bloomsbury Publishing |
Pages | 1000 |
Release | 2021-09-20 |
Genre | Law |
ISBN | 939025258X |
Highlights Practical insights into the provisions applicable to MSMEs in India Covers upto-date: -MSME Act, 2006, Coir Industry Act, 1953, Khadi and Village Industries Commission Act, 1956, -MSME Schemes: PMEGP, CGTSME, ISEC, MPDA, SFURTI, CITUS, MCV, EMP, TIRFSS, PMSBY, ASPIRE. etc -RBI Guidelines for Priority Sector and MSME, Lending to MSME, TReDS -Restructuring of Advances and Pre-packaged Insolvency Rules/Regulations About the Book The book seeks to provide readers with a practical insights into provisions applicable to MSMEs in India. This treatise of MSMEs is divided into nine parts consisting of 28 chapters attempting to provide professionals with essential knowledge and tools to understand and undertake the necessary compliances. The book provides the latest position without compromising on changes in the law that have taken place over time. This book aims to equip professionals, be it CS, CA, CMA or corporate lawyers, who are desirous of undertaking compliances or practicing on MSME laws with the requisite knowledge and expertise. Key Features Industrial Policy Statements since 1948, Evolution, Importance and Setting-up of MSMEs Ministry of Micro, Small and Medium Enterprises, Its Divisions and Organisations attached Micro, Small and Medium Enterprises Act, 2006 & Rules and Notifications, Coir Industry Act, 1953 and The Khadi and Village Industries Commission Act, 1956. Schemes Covered under the MSME, viz: : PMEGP, CGTSME, ISEC, MPDA, SFURTI, CITUS, MCY, EMP, TIRFSS, PMSBY, ASPIRE. etc. RBI Guidelines on Priority Sector Lending & MSME, Lending to MSME, Restructuring of Advances Factoring -TReDS Financing to MSMEs, Assessment of Working Capital Limits by Banks Institutional Framework for MSME Financing SEBI Measures for MSME – Initial Public Offer and Listing of Securities at SME Exchange Global Perspectives of MSME – OECD and World Bank
Micro, Small and Medium Enterprise (MSME) Insolvency in Canada
Title | Micro, Small and Medium Enterprise (MSME) Insolvency in Canada PDF eBook |
Author | Janis P. Sarra |
Publisher | |
Pages | 83 |
Release | 2016 |
Genre | |
ISBN |
Insolvency law is broadly recognized as an essential tool in well-functioning economies. A balance of mechanisms that allow for timely and effective liquidation, but also for a “fresh start” for individual entrepreneurs and the rehabilitation of viable businesses, tends to enhance creditor recoveries and lender confidence. This study examines the treatment of micro, small and medium enterprises (“MSME”) under the Canada Bankruptcy and Insolvency Act. It undertakes a qualitative examination of 200 business insolvencies in 2015, in order to try to understand the reasons for insolvency, types of debt, and outcomes of proceedings. The study reports on the results of a survey of 53 licenced insolvency trustees and 10 loan officers across Canada, in terms of their experience with respect to the barriers to small and medium enterprise insolvency. It suggests a series of legislative changes, including creating a streamlined approach to the insolvency of micro and small businesses (“MSE”), so that MSE can access formal proceedings; a deemed approval process where creditors have received meaningful notice and do not object to the proposal; increased authority for the insolvency professional, reducing the administrative burden and cost of multiple court appearances; and other measures to enhance access to insolvency system.
The Modular Approach to Micro, Small, and Medium Enterprise Insolvency
Title | The Modular Approach to Micro, Small, and Medium Enterprise Insolvency PDF eBook |
Author | Ronald B. Davis |
Publisher | |
Pages | 122 |
Release | 2017 |
Genre | |
ISBN |
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies
Title | Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies PDF eBook |
Author | Mr.Federico J Diez |
Publisher | International Monetary Fund |
Pages | 29 |
Release | 2021-04-02 |
Genre | Business & Economics |
ISBN | 1513574566 |
The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.
Tackling Small and Medium Enterprise Problem Loans in Europe
Title | Tackling Small and Medium Enterprise Problem Loans in Europe PDF eBook |
Author | Mr.Wolfgang Bergthaler |
Publisher | International Monetary Fund |
Pages | 36 |
Release | 2015-03-30 |
Genre | Business & Economics |
ISBN | 1498384838 |
The global financial crisis has left a large private sector debt overhang and high levels of non- performing loans (NPLs) in several European countries. Small and medium-size enterprises (SMEs) represent a significant and weak segment of the nonfinancial corporate sector. SMEs face a number of legal, financial, and regulatory challenges to restructuring that differ from those of larger corporates, such as a rigid and costly insolvency regime, a higher fixed cost to loan restructuring, and the lack of alternative sources of financing. Given SMEs’ large presence and close links to the banking system, addressing the SME loan problem in Europe will be critical for strengthening bank and corporate balance sheets and supporting a more robust and sustained recovery.
Report on the Treatment of MSME Insolvency
Title | Report on the Treatment of MSME Insolvency PDF eBook |
Author | Weltbankgruppe |
Publisher | |
Pages | |
Release | 2017 |
Genre | |
ISBN |
Micro, small, and medium enterprises (MSMEs) are among the largest commercial users of insolvency systems. MSMEs are a significant part of the global economy - and just as there are large numbers of MSMEs, there are large numbers of MSME insolvencies. However, there are a very few specialized legal regimes for MSME insolvency; most jurisdictions treat MSME insolvencies the same as for other corporate entities, or conversely, natural persons, despite MSMEs' unique attributes. This report considers the specific challenges of insolvent MSMEs (including the difficulties of defining MSMEs and distinguishing them from large corporate entities); reviews and analyzes how legislation in different jurisdictions deals with the challenges of MSME insolvency; and considers if existing international standards are sufficient to address MSME insolvency.