Question
The Ministry of Corporate Affairs have increased the
threshold for paid up capital to not exceeding ______.Solution
The Ministry of Corporate Affairs (MCA) has further revised the definition of small companies under the Companies Act, 2013 by increasing their threshold for paid up capital from “not exceeding ₹2 crore” to “not exceeding ₹4 crore” and turnover from “not exceeding ₹20 crore” to “not exceeding ₹40 crore”.The move aims to facilitate ease of doing business further and reduce compliance burden on small companies.
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