Schedule - 7
276 words over 1 page, as the Government publishes it.
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THE SEVENTH SCHEDULE
(See section 62)
In the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), for section 18,
the following section shall be substituted, namely:—
"18. Reference to Micro and Small Enterprises Facilitation Council.—(1) Notwithstanding
anything contained in any other law for the time being in force, any party to a dispute may, with
regard to any amount due under section 17, make a reference to the Micro and Small Enterprises
Facilitation Council.
(2) On receipt of a reference under sub-section (1), the Council shall either conduct mediation itself
or refer the matter to any mediation service provider as provided under the Mediation Act, 2023.
(3) The conduct of mediation under this section shall be as per the provisions of the Mediation
Act, 2023.
(4) Where the mediation initiated under sub-section (3) is not successful and stands terminated
without any settlement between the parties, the Council shall either itself take up the dispute for
arbitration or refer it to any institution or centre providing alternative dispute resolution services for
such arbitration and the provisions of the Arbitration and Conciliation Act, 1996 (26 of 1996), shall,
then apply to the dispute as if the arbitration was in pursuance of an arbitration agreement referred to
in sub-section (1) of section 7 of that Act.
(5) Notwithstanding anything contained in any other law for the time being in force, the Micro and
Small Enterprises Facilitation Council or the centre providing alternative dispute resolution services
shall have jurisdiction to act as an Arbitrator or mediator under this section in a dispute between the
supplier located within its jurisdiction and a buyer located anywhere in India.".
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The Mediation Act, 2023 The document (PDF) On India Code
The other schedules to this Act
Schedule 1 Schedule 2 Schedule - 3 Schedule - 4 Schedule - 5 Schedule - 6 Schedule - 8 Schedule - 9 Schedule - 10
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