State the composition of Advisory Committee for the matters relating to Micro, Small and Medium Enterprises (MSME) Development Act, 2006.

CS Executive · Economic and Commercial Laws · PYQS · December 2017
State the composition of Advisory Committee for the matters relating to Micro, Small and Medium Enterprises (MSME) Development Act, 2006.

Answer & Explanation:

Section 7(2) of the Micro, Small and Medium Enterprises (MSME) Development Act, 2006 empowers the Central Government to constitute an Advisory Committee consisting of the following members, namely: the Secretary of the Ministry or Department of the Central Government having administrative control of the small and medium enterprises as the Chairperson, ex officio; not more than five officers of the Central Government possessing necessary expertise in matters relating to micro, small and medium enterprises as members, ex officio; not more than three representatives of the State Governments, as members, ex officio; and one representative each of the associations of micro, small and medium enterprises, as member, ex officio. The Member-Secretary of the Board shall also be the ex officio Member-Secretary of the Advisory Committee.

Topics: Micro, Small and Medium Enterprises Development Act, 2006

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