alleryStart learning →A small unlisted company is a subsidiary of a large non-SMC. Is it an SMC?
AYes, as it is small
BYes, if it is audited
CNo, parent is not an SMC
DYes, after one year
Answer & Solution
Correct answer: C. No, parent is not an SMC
An SMC may not be a holding or subsidiary company of a company that is not itself an SMC.
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