Revised paid-up capital and turnover limit of the small company shall come into force on the 1st day April, 2021.
G.S.R. 92(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the
Companies (Specification of Definitions Details) Rules, 2014, namely: –
- Short title and commencement: –
(1) These rules may be called the Companies (Specification of Definitions Details) Amendment Rules, 2021.
(2) They shall come into force on the 1st day April, 2021. - In the Companies (Specification of Definitions Details) Rules, 2014,
in the rule 2, in sub-rule (1), after clause (s), the following clause shall be inserted, namely:-
“(t) For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid-up capital and turnover of the small company shall not exceed rupees two crores and rupees twenty crores respectively.”.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 238(E), dated 31st March, 2014 and was last amended vide number G.S.R. 433(E) dated the 7th May, 2018.
