Cash flow applicability pvt ltd company

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Mr
90 Points Joined June 2014

As per CA 2013 Cash flow is not applicable to small companies;

Small Company means paid up share capital is  less than Rs 50 Lakhs and turnover does not exceed rs 2 crore.

So what if my share capital is less than 50 lacs but turnover exceeding Rs 2 crore. Is it applicable?

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On 06 November 2015 at 14:42 Report
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CA
1410 Points Joined March 2015

I think u are mistaken here. The definition of small company says 'or' and not 'and'. Hence, if any of the criterion is met then it is a small company. And cash flow statement is not applicable. 

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On 06 November 2015 at 17:50

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