THE DEFINITION OF A SMALL COMPANY IS BASED ON THRESHOLD LIMITS- ON PAID UP CAPITAL AND TURNOVER . THE DEF IN SEC 2(85 ) GIVES LIMITS OF 50 LACS/5CRORES FOR CAPITAL AND 2 CRORES / 20 CRORES FOR TURNOVER.
MY QUERY
SHOULD WE TAKE LIMITS OF 50 LACS OR 5 CRORES FOR CAPITAL AND SIMILARLY FOR TURNOVER SHOULD WE TAKE 2 CRORES OR 20 CRORES
The former in both cases. The latter is the threshold limit upto which it can be raised by the Ministry when required.
ADY & CO.
New Delhi
Graduate (Any)
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
