New definition of Small Companies

The Govt vide N/N GSR.700(E) dated 15.09.2022 has further amended the definition of “small companies” by increasing their maximum threshold limit for paid up capital from ₹ 2 Cr. to ₹ 4 Cr. and Turnover from ₹ 20 Cr. to ₹ 40 Cr.

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