Provided that nothing in this clause shall apply to- A. a holding company or a subsidiary company; B. a company registered under section 8; C. a company or body corporate governed by any special Act. It is basically a private company prescribed threshold.

Hie, **Section 2(85) defines a Small Company as –** ‘‘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 (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 Section 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;

Dear Asha Ji , Good Afternoon , As Far as your query is concerned with Is the small company limit includes Company having Paid-up capital of 50 Lacs. Let me informed asha ji , That **`As Per Section -2[85] Of Companies Act 2013, I`**n Very Simple Words , Small Company Means : - Maximum Amount -Paid Up Share Capital - **`50 Lakhs`** Rupees . And If Government Prescribed In The Future : - That Maximum Amt. Is **`5 Crores`** Rupees Means In present condition only maximum **`50 lakhs`** rupees shall be applicable . And Maximum Amount -Turnover Rs - **`2 crores Rupees .`** And If Government Prescribed In The Future : - That Maximum Amt. Is **`20 Crores`** Rupees Means In present condition only maximum **`2 Crores`** rupees shall be applicable . And Remember that small company is not public company , holding company , subsidiary company , licensed company . Thanks i hope asha ji , that this simple answer will help you more. With Best Regards Amit Goyal .

Small Company has been defined under Section 2 `85` of the Companies Act, 2013. As per this, small company means a company, other than a public company,- 1. 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 2. 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; C. a company or body corporate governed by any special Act. It is basically a private company prescribed threshold.