Companies act - small company

rajaa (AUDIT EXECUTIVE) (118 Points)

01 October 2018  

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.