when private company will not be considered as small company?
Posted By :
Sarah Bhandari /
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13-Oct-2018 11:27 PM /
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583 /
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Dear All,
Please answer me -
Whether a private Company having paid-up share capital 45 Lakhs and
turnover of Rs. 20 Crores as per last audited balance sheet will be
treated as a small company or not?
Read more on : company small considered private
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Posted By : Sarah Bhandari /
Published on :
19-Apr-2019 04:59 AM /
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717 /
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Dear Members,
I would want to know can a foreign company get registration in India?
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Posted By : Sarah Bhandari /
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04-Apr-2019 05:11 AM /
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857 /
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Dear Members,
Please Suggest,
One of my clients has a registered office of business in "New Delhi" but he wants to obtain GSTIN for State "Uttrakhand" which state should I select in AGILE form?
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Posted By : Sarah Bhandari /
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03-Apr-2019 05:19 AM /
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756 /
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Dear Members,
Please assist me to know If GST paid on reverse charge basis would it be considered as input tax?
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Posted By : Sarah Bhandari /
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02-Apr-2019 04:47 AM /
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674 /
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Dear Members,
Kindly assist me with below query
One of my clients is a sole member and Director in OPC, can he be a Director in some other company (OPC)?
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Posted By : Sarah Bhandari /
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29-Mar-2019 05:13 AM /
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771 /
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Dear All,
I want to know
How much TDS will be deducted in case of payment of Remuneration to Company's Director?
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Posted By : Sarah Bhandari /
Published on :
29-Mar-2019 05:06 AM /
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Dear Members,
Please assist me knowing the conditions which must be Satisfied When Payment made to Sub-contractors?
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Posted By : Sarah Bhandari /
Published on :
14-Feb-2019 05:47 AM /
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842 /
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Can a registered user restrain third party from using identical or similar mark if third party is continuous and prior user of the mark?
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Posted By : Sarah Bhandari /
Published on :
14-Feb-2019 05:42 AM /
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Hi All,
Please assist me to know if the trademark is not used for years is the trade mark liable for removal on the ground of non-use?
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As per Section 2(85) defines a Small Company as – ‘‘small company’’ means a company, other than a public company,—
paid-up share capital of which does not exceed fifty lakh rupees or such higher amount as may be prescribed which shall not be more than five crore rupees; and
turnover of which as per its last profit and loss account does not exceed two crore rupees or such higher amount as may be prescribed which shall not be more than twenty crore rupees.
If any one above limits crossed In your case exceed the amount will fall other than small Company.
Therefore , Answer is No it will not be "Small Company" because turnover of Rs. 20 Crores as per last audited balance sheet.