Is the definition of Small Company u/s 2(85) & CARO different? In the book definition u/s 2(85) is different from that of CARO. If the definition is same what is the Limit of Paid up Capital & T/O?
Questions › Category: CARO › Is the definition of Small Company u/s 2(85) & CARO different? In the book definition u/s 2(85) is different from that of CARO. If the definition is same what is the Limit of Paid up Capital & T/O?
Please use definition given along with company audit lecture, it has been amended recently. Paid up Capital limit of Rs 50 lakhs and last year Turnover limit of 2 crore is same only maximum possible limits have been changed.
Bijay Babu Banstola
Ravi