Central Government has revised the definition of small company w.e.f. 01.12.2025
Any company having capital less than 10 cr and turnover less than 100 cr will be a small company now.
Tag: Companies Act
ICMAI wants medical insurance, essential commodities under cost audit ambit
ICMAI requesting the Centre to bring medical insurance under the ambit of Cost Audit of the Companies Act, 2013. It has also sought the inclusion of essential commodities and banking sectors under cost audit to prevent price inflation.