Скачать или смотреть HOW TO SOLVE THE PROBLEM OF DELAYED PAYMENTS FOR MSMEs? | MODES, PRECAUTIONS AND SOLUTIONS |WEBINAR

HOW TO SOLVE THE PROBLEM OF DELAYED PAYMENTS FOR MSMEs ? | MODES, PRECAUTIONS AND SOLUTIONS | DETAILED WEBINAR

This Webinar was organised by Indian Paper Corrugated & Packaging Machinery Mfgrs. Association(ICMPA) in association with WWW.MSMELEGALHELP.COM in which Advocate Anmol Raj Bakshi, the expert in MSME Recoveries in detail explains -

What are Delayed Payments ?
What are the Reasons due to which the Payments are Delayed ?
What are the Modes to Recover Delayed Payments ?
AND
What Precautions can be followed to Recover Delayed Payments ?

Timestamps:
00:00 - Prologue -Whats there in this Webinar
01:39 - What is Delayed Payment ?
06:05 - Reasons for Delayed Payment
27:50 - Modes to Recover Delayed Payments
29:10 - Legal Notice
34:12 - Complaint under Section 138 of the Negotiable Instruments Act
35:29 - Commercial Suits for Recovery
38:29 - MSME Samadhaan Delayed Payment Monitoring System
1:00:36 - Doubts/Questions
1:13:26 - Precautions to Avoid Delayed Payments.
1:18:20 - Doubts & Discussion
1:25:00 - Vote of Thanks
1:25:50 - Like, Share, Subscribe & Love.

If you need any help in Recovery of Delayed Payment then you can contact us on the details mentioned below -

Website - www.msmelegalhelp.com, www.bakshiandassociates.com

Mobile - 7982637108 , 9873750515, 9811680103 and 9811099501

E-mail ID - [email protected] , [email protected]
[email protected], anmolbakshiandassociates.com.

Instagram - https://www.instagram.com/yourlawyerb...

Please Like, Share & Subscribe if you found this video useful.

And always remember, First they Ignore you, then they Laugh at you, then they Fight you, then you Win. And All this while, God is always watching.

JAI GURU JI, SHUKRANA GURU JI.

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What are Delayed Payments ?
For that we need to see Section 15 & 16 of the MSMED Act which says that In no case, the period agreed upon between the supplier and the buyer for payment of the invoice in writing shall exceed forty-five days from the day of acceptance or the day of deemed acceptance anything beyond that shall be considered delayed payment.

What are the Reasons for Delayed Payments & Precautions which we can follow ?

1) Non Verification of the Buyer - Any Firm or Company to which we are giving the goods on credit should be verified first. An MSME should obtain important documents from such Buyer like their Certificate of Incorporation, GST Certificate, Aadhaar Card , PAN Card, Cancelled Cheque etc.

2) Follow Ups Not Done Properly and Regularly - Follow-ups must be done properly and regularly and in the form of written media in order to ensure timely payment. Emails, Whatsapp and Physical Letters should be posted regularly alongwith the Ledger Statement showing Pending Invoices.

3) Releasing All Goods on Credit - All Goods Should not be released on credit, Some Advance Payments should be taken first.

4) All Business Dealings and Communications left for the Marketing Team also leads to delayed Payments. An Entrepreneur should take steps and keep himself also personally involved in the Business.

5) Non Registrations under MSMED Act - Every Organisation should have their Udyam Registration done.

6) No Security Cheques Taken - The Supplier should always take security cheques from the Buyers who are availing the goods or services on credit.

7) GST Invoices not raised is also a reason the Payment Gets 'Struck', we should know that in order to demand payment from a Buyer, GST Invoices should be raised.

8) Acting Promptly is also very important is you want to recover your payment else, if we ourselves delay then the Recovery would become difficult.

What are the Modes to Recover the Delayed Payment -

1) Legal Notice - It is the first step towards legal proceedings in any civil case as It is the formal warning before initiating a case.

2) Complaint Under Section 138 Of The Negotiable Instruments Act, 1881 - In case of availability of Cheques, proceedings U/s 138, Negotiable Instruments Act can be initiated to recover money which can result in double the payment of cheque amount and imprisonment up-to 2 years.

3) Civil Suits/ Commercial Suits for Recovery - A commercial suit for recovery can be filed in the District Court. Pre-suit mediation is also a pre- requisite under this head.

4) MSME Samadhaan Delayed Payment Monitoring System - For that please watch our detailed videos -    • HOW TO FILE YOUR CASE UNDER MSME SAMADHAAN...   &    • STEPS TO FOLLOW AFTER FILING OF CASE ON MS...   in which I have explained the entire process from Conciliation, Arbitration till Execution

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