Question
3)MNP Private Ltd. is a company registered under the Companies Act, 2013 with a, Paid Up Share Capital of `45 lakh and a turnover of
3)MNP Private Ltd. is a company registered under the Companies Act, 2013 with a, Paid Up Share Capital of `45 lakh and a turnover of `3 crores.
Explain the meaning of “Small Company” and examine the following in accordance with the provisions of the Companies Act, 2013:
(i)Whether the MNP Private Ltd. can avail of the status of a small company?
(ii)What will be your answer if the turnover of the company is 1.50 crore?
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Answer Small Company According to Section 285 of the Companies Act 2013 Small Company means a compan...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
