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TMI BlogApplicability of IFC u/s 143(3)(I)X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir / Ma'am, As per MCA notification , reporting on IFC u/s 143(3)(i) is not applicable to Private companies with turnover less than 50 Crore OR Private Companies aggregate borrowi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ngs less than 25 Crore What if T/O less than 50 Crore but borrowing more than 25 cr? What if T/O More than 50 Crore but borrowing less than 25 cr? Thanks regards Bipin - Reply By Atul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mehrotra - The Reply = Section 143(3)(i) will not apply if any of the following conditions are met - 1. turnover is less than rupees fifty crores as per latest audited financial statement ; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... OR 2. aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year is less than rupees twenty five crore. To answer your que ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stions- What if T/O less than 50 Crore but borrowing more than 25 cr? - IFC not applicable What if T/O More than 50 Crore but borrowing less than 25 cr? - IFC not applicable - Applicabilit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y of IFC u/s 143(3)(I) - Query Started By: - Bipin Parmar Dated:- 11-8-2021 Corporate Laws / SEBI / LLP - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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