Revised Definition of a Small Company 2022

Revised Definition of a Small Company 2022 The Ministry of Corporate Affairs (MCA), on September 15th, 2022, issued the Companies¬†(Specification of Definitions Details) Amendment Rules, 2022. The definition under the Companies Act for Small Companies has now been revised by…

Definition of a Small Company

Definition of a Small Company¬† The Finance Minister of India proposed a revision of the definition of a small company, as covered under section 2(85) of the Companies Act, 2013 while presenting the Union Budget 2021. The basic purpose behind…

Small Company as per Companies Act, 2013

Small Company as per Companies Act, 2013 The concept of a small company was introduced in Companies Act 2013 to provide certain advantages for small businesses operating as a private limited company. Small businesses are the backbone of any economy…