✔ Step 1: Visit MCA Portal
Go to the Ministry of Corporate Affairs website:
https://www.mca.gov.in
Navigate to:
MCA Services → E-Forms → Download Forms
Search for MSME Form I.
✔ Step 2: Download & Open MSME Form I
Download the latest version.
Open the form using MCA-supported PDF viewer.
✔ Step 3: Enter Company Details
Fill:
- Corporate Identification Number (CIN)
- Company name auto-populates
- PAN, address, email
- Select reporting period (Half-year)
✔ Step 4: Add Supplier Details
Under MSME Supplier Details, enter:
- Supplier Name
- PAN
- Outstanding Amount
- Invoice Number
- Invoice Date
- Reasons for delayed payment (mandatory)
Add multiple entries if required.
✔ Step 5: Attach Supporting Documents
Upload:
- Declaration by the director
- List of suppliers (Excel/PDF)
- Any supporting business documents (if applicable)
✔ Step 6: Affix Digital Signature (DSC)
Use the Director’s DSC registered on MCA.
Ensure Java & DSC drivers are updated.
✔ Step 7: Upload the Form on MCA Portal
Navigate to:
MCA Services → Upload E-Forms
Upload your signed form.
Pay fees (₹0 – No filing fee).
After upload:
- SRN will be generated
- Email confirmation will be sent
✔ Step 8: Track Status
Go to Track SRN on MCA portal.
You can check whether:
- Form is Approved
- Pending
- Resubmission required
Why Filing MSME Form I Matters
- Avoid penalties under Companies Act
- Maintain transparency with vendors
- Improve compliance rating
- Build trust with MSME suppliers
- Prevent legal issues for delayed payments
Penalties for Not Filing
Non-compliance may result in penalties:
- Company: ₹25,000
- Officer in Default: ₹25,000 to ₹3,00,000
- Possible prosecution for continuous default
Common Errors While Filing MSME Form I
- Incorrect MSME supplier status
- Wrong invoice dates
- DSC mismatch
- Not giving reasons for delay
- Incorrect reporting period selection
SavingMantra recommends verifying supplier MSME validity (Udyam Registration) before filing.
Frequently Asked Questions (FAQ)
1. Is MSME Form I compulsory for all companies?
Only for those with outstanding dues to MSMEs beyond 45 days.
2. Does an MSME need to file Form I?
No. Only companies that owe money to MSMEs file this form.
3. Is there any filing fee?
No, filing MSME Form I is free of cost.
4. Can the form be revised?
Yes, if the MCA marks it for resubmission.
5. What if there are no outstanding dues?
Then the company does not need to file the form.
Conclusion
Filing MSME Form I is a mandatory compliance for companies dealing with MSME vendors. Timely filing not only avoids penalties but also reflects responsible financial discipline.
The information provided in this blog is for general informational and educational purposes only and should not be construed as legal, tax, or professional advice. While every effort has been made to ensure accuracy and compliance with the applicable provisions of the Companies Act, 2013 and related rules, laws and regulations may change over time and interpretations may vary based on specific facts and circumstances.
All services are subject to applicable laws, rules, and government approvals prevailing at the time of execution.