Please help cash flow applicability

This discussion clarifies the applicability of cash flow statements for private companies during the FY 20-21 audit. It highlights that the definition of a 'small company' for FY 20-21 is based on Section 2(85) of the Companies Act 2013, with a revised definition effective from April 1st, 2021, for FY 21-22. Crucially, Section 2(40) of the Act exempts small companies from preparing cash flow statements, though confirmation on any amendments is advised.