Amendment in Section 2(85)

Limit has changed for Paid up capital and turnover, it has not updated.
Replies (5)
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.

Any notification
G.S.R. 92(E) dated 1st February, 2021, Enforcement Date 1st April, 2021

New Definition already implemented w.e.f. 01.04.2021.

Section list given in this app has not been updated.

New limits are 

Paid-up Share Capital = 2 crore rupees

Turnover = 20 crore to

 

 

 

 

 

 

Originally posted by : kapil patidar
Section list given in this app has not been updated.

New limits are 

Paid-up Share Capital = 2 crore rupees

Turnover = 20 crore rupees

 

 

 

 

 

 

 

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