The Micro, Small and Medium Enterprises Development Act, 2006

25. Scheme for closure of business of micro, small and medium enterprises.-

Notwithstanding anything contained in any law for the time being in force, the Central Government may, with a view to facilitating closure of business by a micro, small or medium enterprise, not being a company registered under the Companies Act, 1956, notify a Scheme within one year from the date of commencement of this Act.