Question

Which of the following correctly defines a "small company" as per the Companies Act 2013?

Q: Answer-Which of the following correctly defines a 'small company' as per the Companies Act 2013?

Section 285 small company small company means a company, other than a public company i paid-up share capital of which does not exceed four crore rupees or such higher amount as may be prescribed which shall not be more than ten crore rupees and ii turnover of which as per profit and loss account for the immediately preceding financial year does not exceed forty crore rupees or such higher amount as may be prescribed which shall not be more than one hundred crore rupees. Companies Specification of definitions details Rules, 2014.

A A company with a paid-up capital of up to Rs.4 crore and turnover of less than Rs. 40 crores

B A company with a paid up capital of up to Rs.20 lakh and turnover of less than Rs. 50 lakh.

C A company with a paid up capital of up to Rs.20 lakh and turnover of less than Rs. 2 crore

D A company with a paid up capital of up to Rs.50 lakh and turnover of less than Rs. 20 crore

E A company with a paid up capital of up to Rs.50 lakh and turnover of less than Rs. 10 crore

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Which of the following correctly defines a "small company" as per the Companies Act 2013?

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