As of 27.10.2023, it is now mandatory for all private companies (excluding small companies) to dematerialize their securities. This requirement is outlined in Rule 9B of the PAS Rules.
Applicable for Section -8 as well ?
Please share the fees for ‘small LLP and Other Than small LLP including the filing fees for LLP Form 24
Click here to view / answer Share it onPlease share the details and compliances applicable for Small LLP.
Click here to view / answer Share it onAre there any exemptions or relaxations provided under the Companies Act 2013 for small or startups companies regarding loans and borrowings?
Hello Friends
A private limited company has a paid-up share capital Rs. 40 lakh
and its turnover as per the last audited financial statements is Rs. 20
crore. Will the company be treated as a small company ?
Please confirm the effective date to identify the small company as CARO 2020 applicability totally depend upon the Definition of Small Company. CARO 2016 & 2020
What are the process for Voluntary winding up of a small private limited Company. Please share
Click here to view / answer Share it onHello Everyone!
Is there any change in the definition of Small Company ?
If yes, whether it is to be effective for F.Y. 2021-22 as well ?
Hi Members,
Is there any compliance we need to done after registering for MSME (Ministry of Micro, Small and Medium Enterprises) to receive the payments from our client within 45 days, as directed by the government?
Also, can you please let me know the procedure how to avail MSME benefit to get the payment within 45 days from the client?
One of our client told that they need MSME return to send the payment within 45 days.
Dear All,
As defined in Section 2(85) of the Companies Act, 2013, the criteria of Small Company is not applicable to the company which is a subsidiary of another company.
In Our case Company B (small Company) is a 100% subsidiary of Company A and hence we have to file Form MGT-7 for Company B. But The Form MGT-7 shows prefill error message as "Company is small Company, please file MGT-7A"
We Can not file Form MGT-7A for Company B, because it will not allow us to fill up Holding Company details in Form MGT-7A.
We also raised ticket about this Error on MCA, on which we received the following reply
"As per our database , your company is a small company .Hence please file MGT-7A."
Please help to solve this problem.
Dear All,
Can Section 8 company considered as a small company?
Kindly confirmed.
Dear All,
The Turnover of a Company for the Financial Year ended on 31st March 2020 is 25 Crores and the Turnover of the Company as at 31st March 2021 is 17 Crores. Now, when I am trying to file Form MGT-7, I am getting the message to file Form MGT-7A.
In my opinion it is not a Small Company, because as per last P&L A/C (i.e., as at 31st March 2020), the Turnover is 25 Crores.
Now, what should I do ? Proceed with filing Form MGT 7A or raise a ticket to MCA