https://www.taxtmi.com/news?id=25789 Revision raises the small company eligibility thresholds by increasing paid up capital and turnover limits to broaden the class eligible for reduced compliance. Eligible small companies are exempted from preparing a cash flow statement, may file an abridged annual return, are not subject to mandatory auditor rotation, do not require auditor reporting on internal financial controls, may hold only two board meetings annually, may have the annual return signed by the company secretary or a director, and face reduced penalties. en-us Fri, 16 Sep 2022 09:56:50 +0530 Fri, 16 Sep 2022 09:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25789 Revision raises the small company eligibility thresholds by increasing paid up capital and turnover limits to broaden the class eligible for reduced compliance. Eligible small companies are exempted from preparing a cash flow statement, may file an abridged annual return, are not subject to mandatory auditor rotation, do not require auditor reporting on internal financial controls, may hold only two board meetings annually, may have the annual return signed by the company secretary or a director, and face reduced penalties. News - Fri, 16 Sep 2022 09:56:50 +0530 https://www.taxtmi.com/news?id=25789