The Government of India recently notified the new exemptions to Private Limited Companies under the provisions of Companies Act, 2013.
In the year 2015, the Government has issued four notifications granting several exemptions to Private companies, section 8 companies, Government companies, and Nidhi companies.
The notification amends the Principal Notification dated 05.06.2015 adding more exemptions to private companies.
As per the Notification, the exceptions, modifications, and adaptations provided in it shall be applicable to a company covered under section B of the said Act which has not committed a default in filing its financial statements under section 137 or annual return under section 92 of the said Act with the Registrar.
Read the full text of the Notification below.
