Section 32
Repeal of Act 32 of 1993.
The Micro, Small and Medium Enterprises Development Act, 2006
About this Act
An Act to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto.
(1) The Interest on Delayed Payments to Small Scale and Ancillary
Industrial Undertakings Act, 1993is hereby repealed.
(2) Notwithstanding such repeal, anything done or any action taken under the Act so repealed under sub-section (1), shall be deemed to have been done or taken under the corresponding provisions of this Act.
(2) Notwithstanding such repeal, anything done or any action taken under the Act so repealed under sub-section (1), shall be deemed to have been done or taken under the corresponding provisions of this Act.