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SUMMARY
As per a notification issued by the Ministry of Corporate Affairs, an entity with a paid-up capital of INR 10 Cr and a turnover of INR 100 Cr will qualify to be a small company
With this move, early stage startups which qualify to be a small company will see a sharp increase
The rules were last amended three years back, when the paid-up capital threshold for small companies was revised to INR 4 Cr from INR 2 Cr earlier and the turnover was increased to INR 40 Cr from INR 20 Cr…
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