Update on Micro Small and Medium Enterprises - MMJC

Ministry of Micro, Small and Medium Enterprises Notification dated 7 November, 2024

Now all companies registered under the Companies Act, 2013 with a turnover of more than ₹ 250 crore and all Central Public Sector Enterprises shall be required to get themselves onboarded on the Trade Receivables Discounting System platforms (TReDS) by 31 March 2025.

TReDS is an online electronic platform and an institutional mechanism for factoring of trade receivables of MSME sellers. It enables discounting of invoices through ab auction mechanism to ensure prompt realisation of trade receivables of MSME sellers. It enables discounting invoices through an auction mechanism to ensure prompt realisation of trade receivables.

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