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    Question

    As per the revised Companies Rules 2021, what is the

    maximum turnover limit for medium scale companies ?
    A ₹ 50 crore Correct Answer Incorrect Answer
    B ₹ 10 crore Correct Answer Incorrect Answer
    C ₹ 5 crore Correct Answer Incorrect Answer
    D ₹ 250 crore Correct Answer Incorrect Answer
    E ₹ 100 crore Correct Answer Incorrect Answer

    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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