<h1>India Raises Small Company Thresholds: Paid-Up Capital to Rs. 4 Crore, Turnover to Rs. 40 Crore for Easier Compliance.</h1> The Ministry of Corporate Affairs has revised the definition of 'small companies' by increasing the thresholds for paid-up capital from Rs. 2 crore to Rs. 4 crore and turnover from Rs. 20 crore to Rs. 40 crore. This change aims to ease the compliance burden and promote a conducive business environment. Benefits for small companies include exemption from preparing cash flow statements, simplified annual returns, no mandatory auditor rotation, reduced board meetings, and lesser penalties. These measures are part of broader efforts to facilitate ease of doing business and support entrepreneurial growth and employment.