SMALL COMPANY

Under Income Tax Law “Small Company” means a company which fulfills the following conditions:

1. It is registered on or after 1″ July 2005 under the Companies Ordinance, 1984,

2 Paid up capital plus undistributed reserves should not exceed twenty five million rupees;

3.Annual turnover should not exceed two hundred and fifty million rupees;

4. The company is not formed by or splitting Dfa Ho up an already existing business; and

5. Total employees are not more than two hundred and fifty at any time during the year.