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    <title>Qualification for exemption or relaxation in respect of SMC</title>
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    <description>An existing company that attains Small and Medium Sized Company status is not eligible for exemptions or relaxations under the Accounting Standards for SMCs until it has remained an SMC for two consecutive accounting periods.</description>
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      <description>An existing company that attains Small and Medium Sized Company status is not eligible for exemptions or relaxations under the Accounting Standards for SMCs until it has remained an SMC for two consecutive accounting periods.</description>
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