alleryStart learning →Does Rs 80 crore paid-up capital alone, with small sales and debt, bind a private company?
AYes, capital is large
BNo, capital is no test
COnly on a Board vote
DYes, if it is old
Answer & Solution
Correct answer: B. No, capital is no test
Rule 13(1)(c) has no paid-up capital test, and turnover and loans are below the limits.
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