alleryUnder Section 2(20), a 'company' means a company:
ACarrying on any business for profit
BHaving limited liability only
CIncorporated under this Act or under any previous company law
DWith at least seven members
Answer & Solution
Correct answer: C. Incorporated under this Act or under any previous company law
Section 2(20) defines a company as one incorporated under the Companies Act, 2013 or under any previous company law.
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