companies act 2013 Small company



Posted on 22-03-2016        By ADMIN



companies act 2013  Small company 

cs study material - companies act 2013 cs study material

  Small company: A small company has been defined as a company, other than a public company. (i) Paid-up share capital of which does not exceed 50 lakh INR or such higher amount as may be prescribed which shall not be more than five crore INR (ii) Turnover of which as per its last profit-and-loss account does not exceed two crore INR or such higher amount as may be prescribed which shall not be more than 20 crore INR: As set out in the 2013 Act, this section will not be applicable to the following: • A holding company or a subsidiary company • A company registered under section 8 • A company or body corporate governed by any special Act [section 2(85) of 2013 Act] 



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