Cash flow statement applicability

archana pitti (accountant and auditor) (111 Points)

10 August 2015  

Dear All,

Can anyone plzz clarify the below highlighted point as one of my Clients paid up share capital exceeds 50 lakhs so i want to know CFS applicability for them 

Small company’’ means a company, other than a public company,—

(i) paid-up share capital of which does not exceed fifty lakh rupees or such higher amount as may be prescribed which shall not be more than five crore rupees;