What is a Small Company Under Companies Act 2013

As per Sec­tion 2(85) of the Com­pa­nies Act 2013 ‘‘small com­pa­ny’’ means a com­pa­ny, oth­er than a pub­lic company,—

(i) paid-up share cap­i­tal of which does not exceed fifty lakh rupees or such high­er amount as may be pre­scribed which shall not be more than five crore rupees; and

(ii) turnover of which as per its last prof­it and loss account does not exceed two crore rupees or such high­er amount as may be pre­scribed which shall not be more than twen­ty crore rupees:

Pro­vid­ed that noth­ing in this clause shall apply to—

(A) a hold­ing com­pa­ny or a sub­sidiary company;

(B) a com­pa­ny reg­is­tered under sec­tion 8; or

(C) a com­pa­ny or body cor­po­rate gov­erned by any spe­cial Act;