Amendment to the definition of small company and benefits

The Ministry of Corporate Affairs has notified an amendment in the Companies (Specification of Definitions Details) Rules, 2014 that come into force from 15th September, 2022. The Amendment has been introduced to provide ease of doing business and to reduce the burden of compliance from a large number of companies as the definition has been widened to cover more companies.

source https://www.caclubindia.com/articles/amendment-to-definition-of-small-company-and-benefits-47745.asp