Accounting · Company Law
According to the latest thresholds prescribed under Section 2(85) of the Companies Act, 2013, a private company is classified as a 'small company' if its paid-up share capital and annual turnover do not exceed which respective limits?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2 crores and Rs. 20 crores
- 2Rs. 4 crores and Rs. 40 crores✓
- 3Rs. 5 crores and Rs. 50 crores
- 4Rs. 10 crores and Rs. 100 crores
Correct answer
Rs. 4 crores and Rs. 40 crores
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