Amendment in small company

As per the new definition and threshold limits, companies with a paid-up capital of INR 2 crore or less, and turnover of INR 20 crore or less come are defined as small companies. The earlier threshold was INR 50 lacs or less in paid-up capital and INR 2 crore or less in turnover.

The government has amended the definition of a small company, which was applicable from 1st April 2021.

PSC- 2 Crore

Turnover - 20 Crore.