DOES THE DEFINITION OF SMALL CO. INCLUDE RESERVE & SURPLUS WHILE CALCULATING THE LIMIT OF 50 LAKHS.
THANKS
Deepak Gupta
(CA Student)
(15922 Points)
Replied 04 July 2015
No.
.
Sec. 2(64): “paid-up share capital” or “share capital paid-up” means such aggregate amount of money credited as paid-up as is equivalent to the amount received as paidup in respect of shares issued and also includes any amount credited as paid-up in respect of shares of the company, but does not include any other amount received in respect of such shares, by whatever name called
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