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Applicability of IFC u/s 143(3)(I)
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....pplicability of IFC u/s 143(3)(I)<br> Query (Issue) Started By: - Bipin Parmar Dated:- 11-8-2021 Last Reply Date:- 25-8-2021 Corporate Laws / SEBI / LLP<br>Got 1 Reply<br>Companies Law<br>Dear Sir / M....
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....a'am, As per MCA notification , reporting on IFC u/s 143(3)(i) is not applicable to Private companies with turnover less than 50 Crore OR Private Companies aggregate borrowings less than 25 Cro....
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....re What if T/O less than 50 Crore but borrowing more than 25 cr? What if T/O More than 50 Crore but borrowing less than 25 cr? Thanks & regards Bipin Reply By Atul Mehrotra: The Reply: Section 1....
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....43(3)(i) will not apply if any of the following conditions are met - 1. turnover is less than rupees fifty crores as per latest audited financial statement ; OR 2. aggregate borrowings from banks or....
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.... financial institutions or any body corporate at any point of time during the financial year is less than rupees twenty five crore. To answer your questions- What if T/O less than 50 Crore but borro....
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....wing more than 25 cr? - IFC not applicable What if T/O More than 50 Crore but borrowing less than 25 cr? - IFC not applicable<br> Discussion Forum - Knowledge Sharing ....