What is the meaning of small company
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A small company is a company other than a public company,-paid-up share capital of which does not exceed 50 lakh rupees or such higher amount as may be prescribed which shall not be more than 50 crore rupees.
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- Section 2(85)of The Companies Act, 2013 defines small company as under. (85) ''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; or.
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