Small company query
Poonam (prop) (130 Points)
08 October 2015
company paid up capital 3812100 and turnover of Rs 87,36,07,804 .can I considered this as small company?
Utkarsh Gupta
(CS)
(50 Points)
Replied 09 October 2015
No for a Small Company the Paid-up share capital should not exceed Rs, 50 Lakhs and its Annual Turnover should not exceed Rs. 2 Crores.
karan jit singh
(Consultant)
(1299 Points)
Replied 13 October 2015
Poonam
(prop)
(130 Points)
Replied 14 October 2015
paid up capital means paid up capital plus reserves and surplus
RAMESH BABU KURALLA
(COMPANY SECRETARY IN PRACTICE)
(100 Points)
Replied 15 October 2015
In order to be a small company it has to comply both the Clauses of Section 2(85) i.e., the Turnover shall be less than or equal to Rs 2.00 crores & Paid up capital shall be less than or equal to Rs.50.00 lacs.
Poonam
(prop)
(130 Points)
Replied 15 October 2015
abhiabbas
(erp consultant)
(55 Points)
Replied 18 October 2015
it should be noted that turnover for the previous year
CAclubindia
