REVISED THRESHOLD LIMITS BY MCA FOR SMALL PERSON COMPANIES AND THE BENEFITS GRANTED UNDER THE COMPANIES ACT, 2013
INTRODUCTION: The Hon’ble Finance Minister Mrs. Nirmala Sitharaman presented the Union Budget 2021 on February 1, 2021. The Budget leads the way for various amendments in the Companies Act, 2013, one of them being the proposal for change in the definition of Small Person Company (SPC) as mentioned in the Companies Act, 2013 (“Act”). This is expected […]