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A private limited company having it's paid up capital of Rs.94 lacs and turnover less than Rs. 2 crores, whether will be treated as small company or not

Small Company

Posted By: U l basak & co. 9 year(s) ago

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Expert Ankit Singhi

no it will be not be

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Abhishek Mishra

Section 2(85) talks about the Small company. Small Company means company which is not Public Company and having Paid up share capital less than or equal to Rs. 50 Lakhs and turnover less than or equal to Rs. 2 Crs as per the last audited Balance Sheet. In this case private limited company having paid up share capital of Rs. 94 laks. Hence its is not Small Company.

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