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Small company

ashish (accounts) (29 Points)

20 August 2018

New Small company definition

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5 Replies

Vatsla Alagh (1545 Points)
Replied 20 August 2018

Paid up share capital upto 50 L and turnover upto 2 cr is a small company

1 Like

Vidit Malviya (4 Points)
Replied 20 August 2018

PCS as may be higher prescribed but not more than 10 crore and T/O as per last Profit and loss account prescribed but not more than 100 crore

rajaa (AUDIT EXECUTIVE) (118 Points)
Replied 01 October 2018

why two limits are specified

Ashwin Kumar (1229 Points)
Replied 01 October 2018

it is because a higher amount of capital and higher amount of turnover may be prescribed by the government based on conditions prevailing and other factors bu the said higher limit should not be beyond the prescribed limit.

Remya K R (18 Points)
Replied 19 July 2019

if company increases it's paid up capital from 1 lakh to I crore in March 2019 and it's turnover is less than two crore...what it's status for filing pas-3.is certification required ?

1 Like