This website is only for informational purposes. Visitors are requested to note that the information is intended to be correct, complete, and up-to-date. Juris Corp does not warrant that the information contained on this website is accurate or complete, and disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.
This website is not intended to be a source of advertising or solicitation. The reader must not consider the information contained herein to be an invitation for a lawyer-client relationship, must not rely on information provided herein and must seek independent advice. Transmission, receipt or use of any information on this website does not constitute or create a lawyer-client relationship. No recipients of content from this website should act or refrain from acting, based upon any or all of the contents of this website.
Furthermore, Juris Corp does not wish to represent anyone desiring representation based solely upon viewing this web site. Finally, the reader is warned that the use of e-mail for confidential or sensitive information is susceptible to inherent risks of lack of confidentiality associated with sending e-mail over the internet.
By clicking on the "I understand and agree" button below, the user acknowledges that:
We are not liable for any consequence of any action taken by the user relying on information provided under this website. In cases where the user has any legal issues, he/she must seek independent legal advice.
Brief Overview:
The Ministry of Corporate Affairs (“MCA”) vide notification G.S.R. 700(E) dated 15th September 2022 (“Notification”) amended the Companies (Specification of Definition Details) Rules, 2014, thereby amending the definition of a small company.
Technical Details:
As per the Notification, the limit of paid-up capital and turnover of a small company has been increased as follows –
● Paid up capital – not exceeding Rupees 4 crores.
● Turnover – not exceeding Rupees 40 crores.
For further details, please see:
https://www.mca.gov.in/bin/dms/getdocument?mds=tiMs9IFJ8xuPm%252B%252Foxc6fUw%253D%253D&type=open
For any queries / clarifications, please feel free to ping us and we will be happy to chat:
● Mr. Neeraj Dubey (neeraj.dubey@jclex.com)
● Ms. Namrta Rai (namrta.rai@jclex.com)