Sunday 13 December 2015

Class of Companies as per section 139(2) of Companies Act, 2013

For the purpose of point 3 of ADT-1, the company shall mention Whether company is falling under any class of companies as per section 139(2) -- Yes or No.

The class of companies as per section 139(2) shall mean the following classes of companies excluding one person companies and small companies:-

(a) all unlisted public companies having paid up share capital of rupees ten crore or more;
(b) all private limited companies having paid up share capital of rupees twenty crore or more;
(c) all companies having paid up share capital of below threshold limit mentioned in (a) and (b) above, but having public borrowings from financial institutions, banks or public deposits of rupees fifty crores or more.


http://www.mca.gov.in/Ministry/pdf/NCARules_Chapter10.pdf