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.
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Companies act - small company
Replies (1)
it means that CG has power to increase it to 10 crores in case of paid up capital & 100 crores in turnover, but till now CG has not prescribed
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