small company???
This query is : Open
17 July 2016
hello experts..
i am incorporating a pvt ltd co. i ln madhya pradesh. many ROC fees are paid on the basis wether the company is a small company or not?? i want to know whats d different between both. thnx in advance
18 July 2016
Small Company’ means a company (other than Public Company) 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.
Private Limited Company categorized as small company enjoy certain benefits under the companies act, 2013.
1. No need to prepare cash flow statement
2. Provisions relating to rotation of Auditors is not applicable.
3. No need to hold Four Board meeting in a year. It is sufficient if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than 90 days.
4. Fees for filings and other formalities as prescribed under section 403 of the Companies Act, 2013 read
with Companies (Registration of Offices and Fees) Rules, 2014 is comparatively lower for the small
companies
Private Limited Company categorized as small company enjoy certain benefits under the companies act, 2013.
1. No need to prepare cash flow statement
2. Provisions relating to rotation of Auditors is not applicable.
3. No need to hold Four Board meeting in a year. It is sufficient if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than 90 days.
4. Fees for filings and other formalities as prescribed under section 403 of the Companies Act, 2013 read
with Companies (Registration of Offices and Fees) Rules, 2014 is comparatively lower for the small
companies
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