* The amount of paid-up capital is not more than ₹ 50 lakh or such a higher amount as may be prescribed. * The turnover of its last Profit and Loss account does not exceed 2 crores or such a higher amount as may be prescribed. * A small company means, company other than a public company. * A small company is formed as per section 2(85).

Small company

Question

Small company

✓

Answer

The amount of paid-up capital is not more than ₹ 50 lakh or such a higher amount as may be prescribed.
The turnover of its last Profit and Loss account does not exceed 2 crores or such a higher amount as may be prescribed.
A small company means, company other than a public company.
A small company is formed as per section 2(85).

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Explain the following term/concept in detail:" from Joint Stock Company→Joint Stock Company — all question types→Secretarial Practice STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Joint Stock Company — Secretarial Practice STD 11 Commerce / Arts — Question

Answer

Need a full question paper?

Explore more

Similar questions