Small company or not as per the definition
This query is : Resolved
13 March 2024
I am a pvt ltd company
the definition of a small company --
as per section 2(85) of the companies Act 2013 a small company means
a company that meets the following criteria:
condition 1 : paid up capital should not exceed INR 4 crores ; and
condition 2 : turnover of the company should not exceed INR 40 crores
my paid up capital is 4.25 crores
but turnover does not exceed 40 crores
so now am i small company or not
pls guide
thanks
the definition of a small company --
as per section 2(85) of the companies Act 2013 a small company means
a company that meets the following criteria:
condition 1 : paid up capital should not exceed INR 4 crores ; and
condition 2 : turnover of the company should not exceed INR 40 crores
my paid up capital is 4.25 crores
but turnover does not exceed 40 crores
so now am i small company or not
pls guide
thanks
13 March 2024
You are not a small company as one of the condition of paid up share capital exceed the limit.
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