New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Ministry of Corporate Affairs have increased the

    threshold for paid up capital to not exceeding ______.
    A 3 crore Correct Answer Incorrect Answer
    B 4 crore Correct Answer Incorrect Answer
    C 6 crore Correct Answer Incorrect Answer
    D 5 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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