The Micro, Small and Medium Enterprises Development Act, 2006
32. Repeal of Act.-
1.
The
Interest on Delayed Payments to Small Scale and Ancillary Industrial
Undertakings Act, 1993 is hereby repealed.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such repeal, anything done or any action taken under the Act so repealed under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.