Articles on: MyOperator

MyOperator MSME registration

Applies to: Customers, Procurement, Finance/AR/AP.


Outcome: Know MyOperator’s MSME status and the statutory payment timelines/interest that may apply when MyOperator supplies goods/services.


Quick facts


  • Registered under MSMED Act: Effective April 2019 (Certificate no. DL01F0006288 — for vendor onboarding).
  • Statutory payment timelines: Buyer must pay by the agreed due date (if in writing) but never beyond 45 days from acceptance/deemed acceptance; if no written due date, pay within 15 days. India Code
  • Interest on delay: If payment is late, compound interest with monthly rests at 3× the RBI Bank Rate applies under Section 16. India Code Reserve Bank of India
  • Dispute redressal: Cases can be filed with the Micro & Small Enterprises Facilitation Council (MSEFC) via MSME Samadhaan. samadhaan.msme.gov.in



Key terms (plain-English)


  • Acceptance / deemed acceptance: The point when goods/services are accepted (or deemed accepted); starts the payment clock. The law caps any written credit period at ≤45 days from this point. India Code
  • Bank Rate: RBI-notified benchmark used to compute the statutory interest (×3) on delayed payments. Reserve Bank of India



How this affects your PO/invoice process (copy-paste)


Vendor master


  • Legal name: MyOperator (per your contract)
  • MSME certificate no.: DL01F0006288 (attach certificate on request)


Suggested PO clause (template — review with your legal team):


“Supplier is registered under the MSMED Act, 2006. Payment terms shall comply with Section 15 (≤45 days from acceptance; 15 days if no written date). Delays attract Section 16 interest (compound, monthly rests, 3× RBI Bank Rate).”


(Statutory basis: Sections 15 & 16, MSMED Act.) India Code



If a payment is overdue — quick steps


  1. Reconfirm acceptance/due date used for the invoice (contract vs 45-day cap). India Code
  2. Send a reminder (attach invoice, delivery/acceptance proof, and MSME certificate).
  3. Calculate statutory interest (from due date/appointed day → payment date) at 3× Bank Rate, compounded monthly. (Finance/legal to compute; use your ERP or a standard interest worksheet.) Reserve Bank of India
  4. Escalate: If unresolved, raise with the buyer; if needed, file on MSME Samadhaan (MSEFC). samadhaan.msme.gov.in


Escalation email template (copy-paste):

Subject: Overdue payment as per MSMED Act — [Invoice # / PO #]


Body:

  • Supplier: MyOperator (MSME Cert DL01F0006288)
  • Invoice & acceptance date: [ ] / [ ]
  • Contractual due date: [ ] (≤45 days)
  • Amount overdue: ₹[ ]; interest per Sec 16: ₹[ ] (till [date])
  • Kindly remit by [date] or propose a resolution.


FAQ (quick answers)


  • Is MyOperator MSME-registered?

Yes — effective April 2019 (Cert no. DL01F0006288).


  • What is the statutory outer limit on credit period?

Even with a written agreement, ≤45 days from acceptance/deemed acceptance. If no written date, 15 days. India Code


  • What interest applies on delayed payment?

Compound interest, monthly rests, at 3× the RBI Bank Rate under Section 16. India Code Reserve Bank of India


  • Where do MSME payment disputes get resolved?

Through the MSE Facilitation Council, via the MSME Samadhaan portal.

Updated on: 27/11/2025