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of <h1>Amendment to Companies Rules 2014: Small Company Capital Limit Set at Rs. 4 Crore, Turnover at Rs. 40 Crore.</h1> The Ministry of Corporate Affairs issued a notification amending the Companies (Specification of Definition Details) Rules, 2014. Effective from its publication date, the amendment revises clause (t) in rule 2, sub-rule (1). It specifies that for the purposes of sub-clauses (i) and (ii) of clause (85) of section 2 of the Companies Act, 2013, the paid-up capital and turnover limits for a small company are set at a maximum of four crore rupees and forty crore rupees, respectively. This amendment updates the financial thresholds defining a small company.
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