Q & A

1536 Views 5 Ans

A private company having turnover of Rs.10 crores and capital of Rs.10 lacs shall be treated as small company or not

Small Company

Posted By: Ruchi mitra 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.

RAJESH BADAMI

Comment
Comment (0)

RAJESH BADAMI

According to section 2(85) "Small Company" means a Company, other than a public Company:-(i) Paid up Share Capital of which does not exceed fifty lakh rupees; or (ii) turnover of which as per its last P&L Account does not exceed two crore rupees. Conclusion in your case, your company having a turnover of Rs.10 crores, which is exceeding the limit for the purpose of small company. Hence your company is not a Small Company

Comment
Comment (0)

RAJESH BADAMI

Comment
Comment (0)

RAJESH BADAMI

According to section 2(85) "Small Company" means a Company, other than a public Company:-

Comment
Comment (0)

Expert Ankit Singhi

yes it will be treated as small company

Comment
Comment (1)

KUMAR CHANDRA MOHAN

pls explain how

Recently Active Member

Pramod Prabhudesai
B D Jokhakar & Co

Post Your Question

My Q&A

Experts

Ankit Singhi

Deepti Vohra

Popular Tags

DEPOSITS

DISCLOSURES IN MBP-1

Consolidation of accounts

AGM

Preferential basis allotment of shares

PRIVATE PLACEMENT

Amendment of Articles of Association

CLOSURE

Consolidation of Financial Statements and filing to ROC

CSR

View All

Topic

Implementation of new law

View All

Sections

Section 185- Loan to directors, etc.

Section 161- Appointment of additional director, alternate director and nominee director.

Section 205- Functions of the Company Secretary.

Section 3- Formation of company.

Section 173- Meetings of Board.

View All

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.

So keep posting and stay connected

Companies Act 2013/1956

Decoding the New Act

Resource Center

My Section

Information Cafe

Calculators

Connect with us on facebook

Connect with us on Linkedin

Follow on Twitter

Payment Options Available

COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

Scroll