Query in Sch. V - Annual Return Declaration.
This query is : Resolved
Guest
Guest
(Querist)
03 March 2010
Dear Experts,
Page 8 of Annual Return – Clause (g) the company did not have an average turnover of Rs. Ten Crores or more during the relevant period;
Query 1
ABC Private Limited has sales turnover of Rs.27 Crores for FYE 31.03.09.
Should we strike the above said Clause (g) in the AR, as the sales turnover is Rs.27 Crores ?
Query 2
What is average turnover ?
Experts’ views are requested.
Page 8 of Annual Return – Clause (g) the company did not have an average turnover of Rs. Ten Crores or more during the relevant period;
Query 1
ABC Private Limited has sales turnover of Rs.27 Crores for FYE 31.03.09.
Should we strike the above said Clause (g) in the AR, as the sales turnover is Rs.27 Crores ?
Query 2
What is average turnover ?
Experts’ views are requested.
03 March 2010
Next to Clause G - Mention that the turnover of the company was 27 crores which exceeded the limit of 10 crores.
Average turnover means you have to take the average for past 3 years.
Average turnover means you have to take the average for past 3 years.
Guest
Guest
(Querist)
03 March 2010
Thank you Sir.
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