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Budget 2021: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh

Topics
Budget 2021 | Indian companies | Union Budget

Press Trust of India  |  New Delhi 

Nirmala Sitharaman
Finance Minister Nirmala Sitharaman

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh.

In the for 2021-22, Finance Minister proposed setting up of investor charter across financial products.

She said an asset reconstruction and management company will be set up for stressed assets of banks, while also stating that the National Company Law Tribunal (NCLT) framework will be strengthened.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, February 01 2021. 12:17 IST
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