Consumer Durables News

Relief for small cos as revised definition cuts compliance burden


The latest decision by the corporate affairs ministry, which is implementing the companies law, has again revised the definition of small companies and is aimed at further improving the ease of doing business.

With the amendments to certain rules, the threshold for small companies’ paid-up capital has been increased to “not exceeding Rs 4 crore” from “not exceeding Rs 2 crore”.



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