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Applicability of cfs as per companies act, 2013

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2015 Hello 2 all

My query is related with cash flow statement applicability as per new companies Act, 2013.

Basically there r 2 condition for Small comapanies.

1. Paid -up Capital not more than 50lakhs(Min) and 5CR (Max).

2. Turnover upto Rs.2 Cr.(Min) and 20 Cr.(Max).

So, whether both condition is to be mandatory or any of two for the applicability of CFS as per new companies Act.

Thanks & Regards.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 April 2015 Current criteria is paid -up Capital upto 50lakhs and Turnover upto Rs. 2 Cr.then CFS not applicable.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2015 So, Both of criteria are mandatory



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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 April 2015 The condition prescribed is "and" so both mandatory
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2015 Thanks Aditya for resolving ASAP

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