amit arun associates
   
Home Contact Us Site Map
Home about us Latest News Contact us

Fixed Assets Verification Services

Payroll Processing Service

Employee Benefit Administration

Tax Consulting

Foreign Direct Investment

File GST & E-TDS Returns
 
 
 
 
 

Small Company under Companies Act, 2013

Posted @ July 20, 2017, 11:34 pm under (Company Law (MCA))

SMALL COMPANIES:
 
Sec 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 (Rs 50 Lakhs ) or such higher amount as may be prescribed which shall not be more than five crore rupees; ( Rs 5 Crores) or
 
(ii) turnover of which as per its last profit and loss account does not exceed two crore rupees ( Rs 2 crore ) or such higher amount as may be prescribed which shall not be more than twenty crore rupees ( Rs 20 crores ).
 
Provided that nothing in this clause shall apply to—
 
(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;
 
Thus to test whether a Company is Small or not following are the parameters:-
 
(1) A public company will never be a small company.
 
(2) A Private company should have a maximum of :-
 
(a) Paid up capital of Rs 50 Lakhs
 
(b) Turnover of Rs 2 Crores.
 
(3) Holding and Subsidiary will always be out of the picture of small companies.

Website Designing  Company Image Map
Contact us Disclaimer Privacy Policy Site Map