Benefits for small companies under companies Act, 2013

• August 31, 2019
• CA Chandan Agarwal's Office

Before filing of annual return of any company we should know some key points like:

♣ what the status of our company

♣  what benefits/Exemptions available for our company

There are some Benefits / exemptions for small companies that every Stakeholder should remember before filing of annual return of their company.

Definition of Small Company:-

As per section 2 (85) of Companies Act, 2013

“Small company” means a company, other than a public company,—

(i) paid-up share capital of which does not exceed fifty lakh rupees or such higher amount as may be prescribed which shall not be more than *ten crore rupees and**

Read more on: https://taxguru.in/company-law/benefits-small-companies-companies-act-2013.html