If a company has turnover more than Rs 2 crores but paid up share capital less than Rs 50 Lakhs, then is it a small company?
Pramod Limaye (37 Points)
14 March 2021If a company has turnover more than Rs 2 crores but paid up share capital less than Rs 50 Lakhs, then is it a small company?
Amit Maity
(63 Points)
Replied 14 March 2021
Shubham Jha
(127 Points)
Replied 19 March 2021
anil jain
(Partner)
(1072 Points)
Replied 19 March 2021
as per recently amended provisions it will be small company
amended provision
paid up capital 2 crore
Turnover 20 crore
w.e.f. 01.04.2021.
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