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.
- ITAT allows credit balance adjustment for addition of deemed dividend u/s 2(22)(e)
- Addition u/s 50C deleted based on FMV as per CA report under Rule 11UA(1)(b)
- Procedure to handle export cargo originating from SEZ due to closure of Strait of Hormuz
- ICAI AQMM review to be applicable to Practice Units which are subject to Peer Review
- ITAT allows remuneration paid by wives of CA partners for their services rendered in firm
