"Shall not apply to a private company:-
(i) which is a one person company or a small company; or
(ii) which has turnover less than rupees fifty crores as per latest audited financial statement or which has aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year less than rupees twenty five crore.”.
With reference to Notification No. G.S.R. 583 (E) dated 13.06.2017, which granted exemptions to private companies, there is a query regarding the inclusion of specific types of borrowings.
Specifically, the question is whether secured car loans from banks and unsecured debentures from body corporates should be included in the calculation or not. Could you kindly provide clarification on whether these types of borrowings are considered for the exemption?
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companies
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private
exemptions
Are there any exemptions or relaxations available from the application of Section 180?
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section
available
relaxations
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there
Dear Everyone!
Can a Section 8 Company can issue redeemable preference shares?
company
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exemptions
Hello
Does a company registered as a Startup avail any tax exemptions?
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Dear Professionals,
- As you are aware that, exemption and passing criteria w.r.t. proficiency test to become Independent Director (ID) has been recently amended by Ministry. The amendment, by way of relaxation, mainly brought in criteria to be ID without passing proficiency test and in criteria to pass the proficiency test.
- To understand the above amendment with its impact and to resolve various queries raised from many professionals, please refer to an Interpretative Analysis through following link:
https://lnkd.in/egc6h-A
independent
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What are the exemptions available for securities listed at SME exchange under LODR?? Please explain.
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listed
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