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    The MCA amends the Companies (Specification of definition details) Amendment Rules, 2022, which modifies the definition of "Small Company"

    Published Tue, 29 Nov 2022 | Updated Tue, 29 Nov 2022

    On 15th September 2022, through the exercise of powers conferred in Section 469, Sub-Section (1) and (2) of the Companies Act, 2013 (18 of 2013), the Ministry of Corporate Affairs (MCA) under the authorization of the Central Government issued specific Rules amending the Companies (Specification of Definition Details) Rules, 2014. New Small company limit-

    Paid up Capital- Rs. 4 Crores

    Turnover- Rs 40 Crores,

    which is to come into effect from the date of publication of the Official Gazette.