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    <title>Deemed public companies consequent upon increase in average annual turnover from Rs. 10 crore to Rs. 25 crore</title>
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    <description>The turnover ceiling for deeming a private company as public was raised by rule amendment effective on the notification date; the material date for conversion is three months before that effective date, and a private company whose three-month expiry date fell within that transitional period and whose average turnover was at or above the old ceiling but below the new ceiling shall not become a deemed public company under the deeming provision.</description>
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