Question

    A small company is a company whose paid-up capital and

    turn over shall________________
    A Exceed rupees two crores and rupees ten crores Correct Answer Incorrect Answer
    B Exceed rupees four crores and rupees forty crores Correct Answer Incorrect Answer
    C Not exceed rupees four crores and rupees forty crores Correct Answer Incorrect Answer
    D Not exceed rupees two crores and rupees twenty crores Correct Answer Incorrect Answer

    Solution

    Companies (Specification of definitions details) Rules, 2014: Rule 2(1)(t) For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of the Act, paid up capital and turnover of the small company shall not exceed rupees four crore and rupees forty crore respectively.

    Practice Next
    More Other Laws and Acts Questions
    ask-question