*Small Company means a company registered on or after the first day of July, 2005, under the Companies Ordinance, 1984 (XLVII) of 1984, which:
- has paid up capital plus undistributed reserves not exceeding **[fifty] million rupees
- ***has employees not exceeding two hundred and fifty any time during the year
- has annual turnover not exceeding two hundred ****[and fifty] million rupees; and
- is not formed by the splitting up or the reconstitution of company already in existence
*Inserted by the Finance Act, 2005.
**The word “twenty-five”substituted by the Finance Act, 2015.
***Inserted by the Finance Act, 2007.
****Inserted by the Finance Act, 2007.