What is the turnover limit of small and medium companies as per the definition issued by the Corporate Affairs Ministry?

• A. Rs 500 crore
• B. Rs 250 crore
• C. Rs 100 crore
• D. Rs 50 crore

Answer: (B)

The Corporate Affairs Ministry has increased the turnover threshold for SMCs to Rs 250 crore from Rs 50 crore, and the borrowing threshold to Rs 50 crore from Rs 10 crore.