What are the conditions of a Small Company?
According to Companies Act 2013, Small company means the company which satisfies the following conditions:-
- It has paid up share capital of not more than 50 lakhs or such higher amount as may be prescribed which shall not be more than 10 crores,
- It has annual turnover of not more than 2 crores or such higher amount as may be prescribed which shall not be more than 100 crores.
You can read more about Small Companies here:
Hope this helps!