alleryStart learning →With Rs 260 crore sales and Rs 10 crore debt, can an unlisted company be an SMC?
AYes, as debt is low
BYes, if it is audited
CYes, as it is unlisted
DNo, turnover is too high
Answer & Solution
Correct answer: D. No, turnover is too high
Turnover above Rs 250 crore breaks the SMC turnover condition regardless of low borrowings.
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