The Central Government, vide Notification GSR 92(E) dated 01st February, 2021 has amended the Companies (Specification of Definitions Details) Rules, 2014 which shall come into force on the 1st day of April, 2021.
According to the notification paid-up capital limit increased from the existing limit of Rs 50 lakh to Rs. 2 crores.
The turnover threshold has also been increased from Rs 2 crores to Rs 20 crores.