Centre Relaxes Paid-Up Capital Threshold For “Small Companies” - MMJC

The Corporate Affairs Ministry (MCA) had relaxed the paid-up capital threshold for small companies to decrease the compliance burden and enhance the ease of doing business. 

According to our Partner, Makarand Joshi – “The relaxation in paid-up capital will allow around 80-90 percent of the total registered companies to fall under this category.

Apart from bringing ease in doing business for newly added companies in small categories, they will also pay less filing fees and reduced penalties and also enjoy relaxation in seven important sections or compliances and 15 E form submissions.”

https://www.businessworld.in/article/Centre-Relaxes-Paid-up-Capital-Threshold-For-Small-Companies-/16-09-2022-446841/