◈Definition
A Small Company is a private company that meets specified thresholds — paid-up capital not exceeding ₹4 crore and turnover not exceeding ₹40 crore (as revised; the thresholds have been raised multiple times). Small companies face relaxed compliance burdens: no mandatory cash flow statement, simplified board-report requirements, and a two-director minimum. The classification is updated at each financial year based on the company's latest figures.
◉See also
TC
Team CorpIntel
Editorial & Research Desk
The CorpIntel team — editors, researchers, and Company Secretaries working across Indian corporate intelligence, incorporations, and compliance.