Limit has changed for Paid up capital and turnover, it has not updated.
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Quick Summary
The definition of a small company under Section 2(85) has been amended with new limits for paid-up capital and turnover, effective from 1st April 2021. The paid-up share capital limit is now 2 crore rupees, and the turnover limit is 20 crore rupees. This change was introduced via notification G.S.R. 92(E) dated 1st February 2021.