MCA vide its notification dated 15th September, 2022, made amendments to the Companies (Specification of Definition Details) Rules, 2014. These rules may be called as Companies (Specification of Definition Details), Rules, 2022.
| Sr. No. | Part/Chapter/Section /Sub-section(s) in the Companies Rules, 2014 Modifications | Part/Chapter/Section /Sub-section(s) in the Companies Rules, 2014 Modifications | Analysis |
| 1. | Clause (t) of Sub-rule (1) is substituted under rule 2 of Companies (Specification of Definition Details) Rules, 2014 | “(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 four crore and rupees forty crore respectively.”. | With this amendment, threshold for paid up capital and turnover of small company has been increased up to rupees four crore and forty crore respectively which previously was up to rupees two crore and twenty crore respectively. |
Notification: https://www.mca.gov.in/bin/dms/getdocument?mds=tiMs9IFJ8xuPm%252B%252Foxc6fUw%253D%253D&type=open
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