Companies (Removal of Difficulties) Order, 2015 has been released by MCA

Companies (Removal of Difficulties) Order, 2015 has been released by MCA dated February 13, 2015 - The impact is as Small Company - 'A small company is now defined as a company (other than public company) whose paid up capital is upto Rs 50 lakhs AND turnover upto Rs 2 crores. Earlier it was OR.