Corporate law
This query is : Open
27 November 2017
I wish to clarify a doubt
As per MCA amendment,(Companies (Removal of Difficulties) Order, 2015 on 13th Feb, 2015) small company means whose paid up capital does not exceed Rs. 50 lacs and turnover as per last profit and loss account does not exceed Rs. 2 crores .
If both conditions fulfilled then only it will be classified as other than Small Companies
But when fill up MGT 7 the eform asks to affix CS DSC even the company not fulfill the share capital condition i.e the company have only below Rs. 50 Lakh Paid up capital and Turnover above 2 Crores.
Then why the eform asks CS sign?
by
JS
As per MCA amendment,(Companies (Removal of Difficulties) Order, 2015 on 13th Feb, 2015) small company means whose paid up capital does not exceed Rs. 50 lacs and turnover as per last profit and loss account does not exceed Rs. 2 crores .
If both conditions fulfilled then only it will be classified as other than Small Companies
But when fill up MGT 7 the eform asks to affix CS DSC even the company not fulfill the share capital condition i.e the company have only below Rs. 50 Lakh Paid up capital and Turnover above 2 Crores.
Then why the eform asks CS sign?
by
JS
28 November 2017
Here, clause (ii) of section 2(85) is not satisfied, hence not a small company.
PCS signature is required.
PCS signature is required.
01 December 2017
Ok.Now I understood .Your reply is correct with the MCA amendment.Thank You so much
Ok.Now I understood .Your reply is correct with the MCA amendment.Thank You so much
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