The Central Government, exercising powers under section 469 of the Companies Act, 2013, has amended the threshold limits used to classify a “small company” under the Definitions Rules — reflecting an updated benchmark for paid-up capital and turnover for small companies.

• The earlier clause (t) under Rule 2(1) has been substituted.
• For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of Section 2 of the Act, a “small company” shall now be defined as one whose paid-up capital does not exceed Rupees ten crores and whose turnover does not exceed Rupees one hundred crores.