MCA amends definition of small companies, allows NRIs to incorporate One Person Companies

The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to the notifications. “Paid up capital and turnover of the small company shall not exceed rupees two crores and rupees twenty crores respectively,” the notification said.

from Economy-News-Economic Times https://ift.tt/39HKVyc