Removal of paid-up capital thresholds alters company classification by deleting specified monetary limits from incorporation definitions. The amendment removes prescribed paid up capital amounts from definitional clauses of the Companies Act, 2013 by omitting the statutory monetary thresholds that formerly distinguished company classifications.
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Provisions expressly mentioned in the judgment/order text.
Removal of paid-up capital thresholds alters company classification by deleting specified monetary limits from incorporation definitions.
The amendment removes prescribed paid up capital amounts from definitional clauses of the Companies Act, 2013 by omitting the statutory monetary thresholds that formerly distinguished company classifications.
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