As per CA 2013 Cash flow is not applicable to small companies;
Small Company means paid up share capital is less than Rs 50 Lakhs and turnover does not exceed rs 2 crore.
So what if my share capital is less than 50 lacs but turnover exceeding Rs 2 crore. Is it applicable?
I think u are mistaken here. The definition of small company says 'or' and not 'and'. Hence, if any of the criterion is met then it is a small company. And cash flow statement is not applicable.
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