https://www.taxtmi.com/forum/issue?id=115717 Eligibility for Small company status requires that a non-public company meet both the paid-up share capital threshold and the turnover threshold in the immediately preceding financial year; failure of either test causes loss of the status and attendant exemptions. The definition expressly excludes holding and subsidiary companies, section 8 companies, and companies governed by special Acts, so such entities cannot be treated as small companies even if quantitative thresholds are met. en-us Thu, 28 Nov 2019 14:08:23 +0530 Thu, 23 Jan 2025 15:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115717 Eligibility for Small company status requires that a non-public company meet both the paid-up share capital threshold and the turnover threshold in the immediately preceding financial year; failure of either test causes loss of the status and attendant exemptions. The definition expressly excludes holding and subsidiary companies, section 8 companies, and companies governed by special Acts, so such entities cannot be treated as small companies even if quantitative thresholds are met. Discussion-Forum Companies Law Thu, 28 Nov 2019 14:08:23 +0530 https://www.taxtmi.com/forum/issue?id=115717