Companies Companies Act exclude for Act and a and a Small applicability. small Company as company as defined under defined under clause (85) of clause (85) of section 2 of the section 2 of the Companies Act; Companies and Act; and (v) a private (v) A private 1. Private ------ limited limited company not company with company, not being a a paid up a subsidiary or capital and subsidiary or holding of a reserves not holding of a public more than public company, company. rupees fifty having a paid lakh and up capital and 2. Surplus also which does not reserves and include for have loan surplus not overall limit of outstanding more than one crore. exceeding rupees one crore rupees twenty as at the balance 3. Turnover five lakh from sheet date and replaced by any bank or which does not total revenue as financial have total defined in institution and borrowings Scheduled III does not have exceeding (Including a turnover rupees one crore revenue from exceeding from any bank discontinuing rupees five or financial operations), crore at any institution at further overall point of time any point of limit increased during the time during the to ten crore. financial year. financial year and which does not have a total revenue as defined in Scheduled III to the Companies Act, 2013 (including revenue from discontinuing operations) exceeding rupees ten crore during the financial year as
Companies Act and a small company as defined under clause (85) of section 2 of the Companies Act; and Companies Act and a Small Company as defined under clause (85) of section 2 of the Companies Act; and exclude for applicability. (v) a private limited company with a paid up capital and reserves not more than rupees fifty lakh and which does not have loan outstanding exceeding rupees twenty five lakh from any bank or financial institution and does not have a turnover exceeding rupees five crore at any point of time during the financial year. (v) A private limited company, not a subsidiary or holding of a public company, having a paid up capital and reserves and surplus not more than rupees one crore as at the balance sheet date and which does not have total borrowings exceeding rupees one crore from any bank or financial institution at any point of time during the financial year and which does not have a total revenue as defined in Scheduled III to the Companies Act, 2013 (including revenue from discontinuing operations) exceeding rupees ten crore during the financial year as 1. Private company not being a subsidiary or holding of a public company. 2. Surplus also include for overall limit of one crore. 3. Turnover replaced by total revenue as defined in Scheduled III (Including revenue from discontinuing operations), further overall limit increased to ten crore. ------
CARO-2016.docx