<span style="color: #222222;">Ministry of Corporate Affairs has revised the threshold for paid up capital of small companies. This latest revision will facilitate the Ease of Doing Business further and reduce the compliance burden on small companies. The definition of small companies has now been revised by increasing thresholds for paid up Capital from not exceeding two crore rupees to not exceeding four crore rupees and turnover from not exceeding 20 crore rupees to not exceeding 40 crore rupees.<br />''<br />''The Ministry said small companies represent the entrepreneurial aspirations and innovation capabilities of lakhs of citizens and contribute to growth and employment in a significant manner. It added that the government has always been committed to taking measures that create a more conducive business environment for law-abiding companies, including reduction of compliance burden on such companies.</span><br />