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Kavya T
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Kavya TKnowledge Contributor
Asked: May 3, 20242024-05-03T20:32:31+05:30 2024-05-03T20:32:31+05:30In: Business

What is the rule of small company?

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What is the rule of small company?
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  1. Kavya T
    Kavya T Knowledge Contributor
    2024-05-03T20:32:47+05:30Added an answer on May 3, 2024 at 8:32 pm

    According to section 2(85) of the Companies Act, 2013, a small company means a company that meets the following criteria: Condition 1: Paid-up capital of the company should not exceed INR 4 Crores; and. Condition 2: Turnover of the company should not exceed INR 40 Crores

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