Hi All,
Can somebody explain why two limits are mentioned in the definition of small company u/s 2(85) of CA 2013.
i.e. with respect to paidup share capital 50 lakhs or 10 crores and
with respect to turnover 2 crores or 100 crores.
Menu
Companies act - small company
Replies (1)
it means that CG has power to increase it to 10 crores in case of paid up capital & 100 crores in turnover, but till now CG has not prescribed
Recent Topics :
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
Related Topics :
CAclubindia
