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Sep 15, 2022 · New small company limit: Paid up Capital – Rs. 4 Crs. Turnover – Rs. 40 Crs. MCA revises threshold for paid up capital of “small companies” Latest revision to facilitate Ease of Doing Business further and reduce compliance burden on “small companies”
Sep 21, 2022 · As per the Companies (Specification of definition details) Amendment Rules, 2022, the limit of paid-up capital and turnover for the ‘Small Company’ has been increased to Rs. four crores (earlier Rs. two crores) and Rs. forty crores (earlier Rs. twenty crores) respectively.
Sep 11, 2023 · The amendment to the definition of a small company led to an increase in the maximum limits for paid-up capital and turnover. These adjustments were made to encompass more companies within the ambit of a small company, rendering them eligible for the benefits provided under the Companies Act 2013.
Feb 23, 2024 · A new clause 2 (1) (t) has been substituted in Rule 2, which specifies the Definitions of Small Company. As mentioned above, the definition of a Small Company under the Companies Act, 2013 has now been revised by increasing the thresholds for Paid-up capital and Turnover.
Sep 16, 2022 · This definition has, now, been further revised by increasing such thresholds for paid up Capital from “not exceeding Rs. 2 crore” to “not exceeding Rs. 4 crore” and turnover from “not exceeding Rs. 20 crore” to “not exceeding Rs. 40 crore”.
Jun 20, 2024 · The limits were increased so that more companies could be covered within the ambit of a small company, making them eligible to get the benefits of a small company provided under the Companies Act 2013.
Jan 3, 2024 · The recent amendments to the Companies (Specification of Definitions Details) Rules, 2022, have set the bar at a maximum of Rupees 4 Crores for paid-up capital and Rupees 40 Crores for turnover. These thresholds serve as crucial benchmarks, delineating Small Companies from larger entities.
