Summary
- Companies can now verify vendor MSME registration status using a two-step approach, as no public government verification portal exists.
- The guide emphasizes checking vendor invoices for Udyam Registration details and sending formal requests for confirmation of MSME status.
- A 15-20 day response rule is recommended, treating non-responses as non-registration to ensure compliance with the MSMED Act.
- This structured method helps mitigate risks related to payment timelines and regulatory scrutiny, establishing a defensible compliance framework.
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