Bare ActsThe UTTAR PRADESH MICRO, SMALL AND MEDIUM ENTERPRISES (FACILITATION OF ESTABLISHMENT AND OPERATION) ACT, 2020

Section 2

Difinitions

Amendment status not verified — confirm the current text below against the official source.

2. In this Act, unless the context otherwise requires, a. Act means the Uttar Pradesh Micro, Small and Medium Enterprises (Facilitation of Establishment and Operation) Act, 2020; b. Acknowledge Certificate means the Acknowlegement Certificate issued under section 8 of the Act; c. Approval means permission, no-objection, clearance, consent, approval, registration, license and the like, require under any Uttar Pradesh Law in connection with the establishment or operation of an enterprise in the State of Uttar Pradesh; d. Competent Authority means any department or agency of the Government or a local authority, statutory body, state owned corporation, Panchayati Raj Institution, Municipality, Urban Development Authorities, Ubran Improvement Trust or any other authority or agency constituted or established by or under any Uttar Pradesh law or under administrative control of the Government, which is entrusted with the powers or responsibilities to grant or issue approval for establishment or operation of an enterprise in the State; e. Declaration of Intent means instention to establish/expand/diversify an enterprise, expressed through furnishing the information and submitting (either in physical or electronic format) on the format as annexed herewith as Annexure no.-1, along with required documents; f. Enterprise means micro, small or medium enterprise; g. Micro, Small or Medium Enterprise means a Micro, Small or Medium Enterprise, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 (Central Act No. 27 of 2006), as amended from time to time; h. Government means the State Government of Uttar Pradesh; i. State means the State of Uttar Pradesh; j. Commencement of Commercial Operation means the date on which the enterprise issues the first bill of supply/invoice/tax invoice, of the goods manufactured or services rendered relating to declaration of intent furnitured under this Act; k. New enterprise means such Micro, Small or Medium Enterprise whose date of commencement of commercial operation is on or after the date of commencement of the Act. It also includes expansion/ diversification by existing enterprises wherein they increase their gross block by at least 25 per cent through new capital investment; l. Nodal Agency means the Nodal Agency established under section 5 of the Act; m. Notification means a notification published in the Gazette of the State of Uttar Pradesh and the word notified' shall be construed accordingly

Section 2 – The UTTAR PRADESH MICRO, SMALL AND MEDIUM ENTERPRISES (FACILITATION OF ESTABLISHMENT AND OPERATION) ACT, 2020 | DailyLaw.ai