THE DEFINITION OF A SMALL COMPANY IS BASED ON THRESHOLD LIMITS- ON PAID UP CAPITAL AND TURNOVER . THE DEF IN SEC 2(85 ) GIVES LIMITS OF 50 LACS/5CRORES FOR CAPITAL AND 2 CRORES / 20 CRORES FOR TURNOVER.
MY QUERY
SHOULD WE TAKE LIMITS OF 50 LACS OR 5 CRORES FOR CAPITAL AND SIMILARLY FOR TURNOVER SHOULD WE TAKE 2 CRORES OR 20 CRORES
CAclubindia
