Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
Can you help me figure out if my company is small company any longer?
Your company is a small company because A small company as a company other than a public company has to meet the following criteria—-Paid-up share capital of which not exceed 50 lakh rupees-Turnover of which as per its last profit and loss account does not exceed 2 crore rupees or such higher amount as may be prescribed which shall not be more than twent...
Wazzeer Professional Network
ProfessionalCan you help me figure out if my company is small company any longer?
Hi, I have small business that has a paid-up share capital of Rs. 40 Lakhs and turnover of Rs. 10 crores as per last audited balance will it treated as a small company any longer?
-
Wazzeer Professional Network
ProfessionalYour company is a small company because A small company as a company other than a public company has to meet the following criteria—-Paid-up share capital of which not exceed 50 lakh rupees-Turnover of which as per its last profit and loss account does not exceed 2 crore rupees or such higher amount as may be prescribed which shall not be more than twenty crore rupees: Provided (A) a holding company or a subsidiary company; (B) a company registered under section 8; or (C) a company or body corporate governed by any special Act.11 months ago
View answer
Can you help me figure out if my company is small company any longer?
Hi, I have small business that has a paid-up share capital of Rs. 40 Lakhs and turnover of Rs. 10 crores as per last audited balance will it treated as a small company any longer?
-
Wazzeer Professional Network
ProfessionalYour company is a small company because A small company as a company other than a public company has to meet the following criteria—-Paid-up share capital of which not exceed 50 lakh rupees-Turnover of which as per its last profit and loss account does not exceed 2 crore rupees or such higher amount as may be prescribed which shall not be more than twenty crore rupees: Provided (A) a holding company or a subsidiary company; (B) a company registered under section 8; or (C) a company or body corporate governed by any special Act.11 months ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.