Aid for small cos as revised definition cuts compliance burden

The most recent choice by the company affairs ministry, which is implementing the businesses legislation, has once more revised the definition of small firms and is geared toward additional enhancing the convenience of doing enterprise.

With the amendments to sure guidelines, the brink for small firms’ paid-up capital has been elevated to “not exceeding Rs 4 crore” from “not exceeding Rs 2 crore”.

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