MCA raises small company limits under section 2(85), Rule 2(1)(t): paid-up capital 10 crores, turnover 100 crores

MCA raises small company limits under section 2(85), Rule 2(1)(t): paid-up capital 10 crores, turnover 100 crores https://www.taxtmi.com/highlights?id=94745 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. en-us Wed, 03 Dec 2025 20:57:25 +0530 Wed, 03 Dec 2025 20:57:25 +0530 TaxTMI RSS Generator MCA raises small company limits under section 2(85), Rule 2(1)(t): paid-up capital 10 crores, turnover 100 crores https://www.taxtmi.com/highlights?id=94745 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. Highlights Companies Law Wed, 03 Dec 2025 20:57:25 +0530 https://www.taxtmi.com/highlights?id=94745