MCA Notification for increase in paid up capital and turnover of small company . Companies (Specification of Definitions Details) Amendment Rules, 2021
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 1st February, 2021
G.S.R. 92(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Specification of Definitions Details) Rules, 2014, namely: –
1. Short title and commencement: -(1) These rules may be called the Companies (Specification of Definitions Details) Amendment Rules, 2021.
(2) They shall come into force on the 1st day April, 2021.
2. In the Companies (Specification of Definitions Details) Rules, 2014,
in the rule 2, in sub-rule (1), after clause (s), the following clause shall be inserted, namely:-
“(t) For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees two crores and rupees twenty crores respectively.”.
[F. No. 1/13/2013 CL-V, Part I]
K.V.R. MURTY, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 238(E), dated 31st March, 2014 and was last amended vide number G.S.R.433(E) dated the 7th May, 2018.
- Dividing total turnover by 365 days to arrive at daily cash sale is based on conjectures and surmises
- NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm
- Sibsagar University invites EoI for Appointment of Internal Auditor for 01.08.2024 to 31.03.2026.
- Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional
- Compensation to borrower upheld as bank did not verify construction progress before loan disbursals to builder
