Question
A small company is a company whose paid-up capital and
turn over shall________________Solution
Explanation: 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.
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