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JC - Legal Updates - Amendment in the definition of a small company

Legal Updates

19 Sep 2022

Amendment in the definition of a small company

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:


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)