Question
As per the revised Companies Rules 2021, what is the
maximum turnover limit for medium scale companies ?Solution
In accordance with Atma Nirbhar Bharat Package declared on 13th May, 2020. The new norms come into effect from 1st July, 2020.
The limit of small units was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover. Similarly, the limit of medium units was increased to Rs. 50 Crore of investment and Rs. 250 Crore of turnover.
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