As per section 2(85) of the companies act 2013, small company means a company other
than public company and having
A Paid up share capital equal to below 50 lacks or such higher amount as specified
which shall not exceed more than Rs. 10 crores
A turnover equal to or below Rs.2 crore or such a higher amount specified not
exceeding more than Rs.100 crore.
However with effect from the 1 April 2021 the definition of small company was amended as
follow.
Small company means a company other than public company and having
A Paid up share capital equal to below 2 crores or such higher amount as specified
which shall not exceed more than Rs. 10 crores
A turnover equal to or below Rs.20crore or such a higher amount specified not
exceeding more than Rs.100 crore.
However with effect from the 15 th September 2022, the definition of small company was
further amended
The new amended definition of a small company is provided under Section 2(85) of the
Companies Act, 2013. as a company that is not a public company and has
A paid-up share capital equal to or below Rs.4 crore or such a higher amount
specified not exceeding more than Rs.10 crores.
A turnover equal to or below Rs.40 crore or such a higher amount specified not
exceeding more than Rs.100 crore.
