Published Wed, 22 Feb 2023
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.