Hi All,
Can somebody explain why two limits are mentioned in the definition of small company u/s 2(85) of CA 2013.
i.e. with respect to paidup share capital 50 lakhs or 10 crores and
with respect to turnover 2 crores or 100 crores.
rajaa (AUDIT EXECUTIVE) (118 Points)
01 October 2018Hi All,
Can somebody explain why two limits are mentioned in the definition of small company u/s 2(85) of CA 2013.
i.e. with respect to paidup share capital 50 lakhs or 10 crores and
with respect to turnover 2 crores or 100 crores.
Ankush khurana
(91 Points)
Replied 09 October 2018