Under Section 2(85) of the Companies Act, 2013, as amended by the Companies (Amendment) Act, 2020, which of the following correctly captures the definition of a "small company"?

Section 2(85) of the Companies Act, 2013, defines a "small company" as a company (other than a public company, or a holding or subsidiary company) "with paid-up share capital not exceeding twenty crore rupees or turnover not exceeding one hundred crore rupees" - the original threshold of ₹50 lakh having been successively revised to ₹2 crore by the 2017 Amendment (Notification GSR 463(E)) and then to ₹20 crore by the 2020 Amendment (Notification GSR 364(E)). Option (E) correctly states the current post-amendment thresholds. Options (A) through (D) track the historical progression of the limit, making the question tricky for candidates who have only studied the original 2013 figures or stopped at the 2017 revision. The exclusion of public companies, holding companies, and subsidiary companies is also an essential part of the definition and is embedded in the question stem. The correct answer is (E).