Small Company - New Definition | Comparison of Small Company New Definition with Old Definition

Revised Definition for Small Companies | Comparison of Small Company New Definition with Old Definition | Benefit of Small Companies discussued by CA. (IP) Vivek Khurana.
The Ministry of Corporate Affairs (MCA) has taken several measures in the recent past towards ease of doing business and ease of living for the corporates.
These included decriminalisation of various provisions of the Companies Act, 2013 & the LLP Act, 2008, extending fast track mergers to start ups, incentivising incorporation of One Person Companies (OPCs) etc.
Earlier, definition of “small companies” under the Companies Act, 2013 was revised by increasing their thresholds for paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” and turnover from “not exceeding Rs 2 crore” to “not exceeding Rs 20 crore”.
This definition has, now, been further revised by increasing such thresholds for paid up Capital from “not exceeding Rs. 2 crore” to “not exceeding Rs. 4 crore” and turnover from “not exceeding Rs. 20 crore” to “not exceeding Rs. 40 crore”.
Like, Share Video and Subscribe CA Sansaar KZbin Channel.
Small companies represent the entrepreneurial aspirations and innovation capabilities of lakhs of citizens and contribute to growth and employment in a significant manner. The Government has always been committed to taking measures which create a more conducive business environment for law-abiding companies, including reduction of compliance burden on such companies.
Amendment in Definition of 'Small Companies',
Applicability of new definition of Small Company,
Amendment to Definition of a Small Company,
What is a Small Company in India?,
Small companies definition revised,
Definition of a small company as effective,
Meaning and Explanation under Companies Act, 2013,
What is a Small Company - Definition, Criteria, Examples,
New definition of Small Company,
What is the meaning of a small company?
What size is a small company?,
What is small companies under Companies Act, 2013?,
How do I find out if a company is a small company?,
Definition of small companies amended,
MCA amends definition of small companies,
Definition of 'Small Company'
#casansaar #companies #company #companiesact2013 #companiesact #smallcompany #smallcompanies #mca #roc #khuranavivek
DISCLAIMER :-
This Video is for the purposes of information / knowledge and shall not be treated as solicitation in any manner or of for any other purposes whatsoever.
It shall not to be used for any legal advice /opinion and shall not to be used to rendering any professional opinion. Viewers are advised to kindly go through to original Government publications / notifications and published case laws or judicial pronouncements.
The statements and opinions expressed in video are those of the speaker and do not necessarily reflect those of the CA Sansaar or any of its employees. CASansaar Team does not take any responsibility for the views of the Speaker.
Our Social Links - Follow CA Sansaar
KZbin / casansaarca
Twitter / casansaar
Facebook / casansaarca
Linkedin / casansaar

[@casansaarca]

Please don't forget to Like, Share and Subscribe, That's the minimum you can do to appreciate our efforts and boost our morale. Thanks in advance.

[@casansaarca]

CARO Applicability for Small Companies? - New Definition. Check Complete Video, kzbin.info/www/bejne/pojSnJSaotSipbs

[@sonipooja4873]

Thanks

[@vivekkhurana4774]

Welcome

[@Naanthaathu]

Thank you sir

[@rupaligupta770]

Thanks 🙏

[@vivekkhurana4774]

Welcome

[@chandankaushal7297]

Paid up capital of which year we have to check. For current year or Preceding financial year ?

[@casansaarca]

Yes

[@satutimahajan3927]

Very informative

[@vivekkhurana4774]

Thanks

[@niharikathakkar9236]

Sir, wanted to confirm that it is effective from 15 th September,22 so any audit report signed post that date, benefit is available, correct? Ples clarify.

[@casansaarca]

Check This Video, kzbin.info/www/bejne/pojSnJSaotSipbs

[@KundanKumar-qt4ik]

sir, it is possible to make balance sheet of financial year 2019-20 with udin number?

[@Naanthaathu]

Hi sir, Eg: I'm preparing cash flow statement, because I'm subsidiary of public co., Next year I'm not a subsidiary of public whether i need to prepare cash flow statement? Thank you in advance sir.

[@sandeepvats6366]

Caro is also not applicable to small company it may include in benefits to small co

[@casansaarca]

Yes