New Delhi, Sept. 16 -- The Ministry of Corporate Affairs (MCA) has announced latest revision by increasing thresholds for paid up Capital and turnover for small companies from not exceeding Rs 2 crore to Rs 4 crore and from not exceeding Rs 20 crore to Rs 40 crore.
The notification was released on Thursday and it is step by the government towards ease of doing business and ease of living for the corporates.
Earlier, definition of small companies under the Companies Act, 2013 was revised by increasing their thresholds for paid up capital from not exceeding Rs 50 lakh to Rs 2 crore and turnover from not exceeding Rs 2 crore to Rs 20 crore.
In support of the revision, Federation of Indian Micro and Small & Medium Enterprises (FIS...