alleryStart learning →An unlisted public company has turnover of exactly Rs 200 crore. Is s.138 attracted?
AOnly if it is listed
BYes, 'or more' applies
CNo, it must exceed it
DOnly with big loans
Answer & Solution
Correct answer: B. Yes, 'or more' applies
The turnover test reads two hundred crore rupees or more, so an exact Rs 200 crore qualifies.
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