The Ministry of Corporate Affairs has revised the thresholds under the Companies (Specification of Definition Details) Rules 2014 effective immediately upon Gazette publication.

🔹 New Limits

• Paid up Capital up to ₹10 crore
• Turnover up to ₹100 crore

(Previously ₹4 crore and ₹40 crore respectively)

This means thousands more private companies can now enjoy the benefits of being classified as Small Companies.

✨ Key Advantages

• Reduced compliance requirements
• No CARO applicability
• Exemption from cash flow statement
• Lower penalties for non compliance
• Fewer board meetings and simplified governance
• Overall ease in filings and regulatory burden

A welcome step toward simplified regulation and faster growth for India’s SMEs 🚀🇮🇳