Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Notification issued by the Ministry of Corporate Affairs amends the Companies (Specification of definition details) Rules, 2014, with effect from the date of its publication in the Official Gazette. The amendment substitutes clause (t) in rule 2(1) to revise the financial thresholds for a "small company" under section 2(85) of the Companies Act, 2013. Henceforth, for the relevant sub-clauses, a small company's paid-up capital shall not exceed INR 10 crores and its turnover shall not exceed INR 100 crores. The notification is signed by a Joint Secretary.
Notification issued by the Ministry of Corporate Affairs amends the Companies (Specification of definition details) Rules, 2014, with effect from the date of its publication in the Official Gazette. The amendment substitutes clause (t) in rule 2(1) to revise the financial thresholds for a "small company" under section 2(85) of the Companies Act, 2013. Henceforth, for the relevant sub-clauses, a small company's paid-up capital shall not exceed INR 10 crores and its turnover shall not exceed INR 100 crores. The notification is signed by a Joint Secretary.
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