Which class of companies is eligible to be classified as a 'small company' under the Companies Act, 2013?
AOnly private limited companies and One Person Companies meeting the threshold
BOnly public limited companies meeting the paid-up + turnover threshold
CAny company including Section 8 not-for-profits, provided the threshold is met
DOnly listed companies meeting the threshold
Answer & Solution
Correct answer: A. Only private limited companies and One Person Companies meeting the threshold
1. The Companies Act limits the 'small company' status to private companies and OPCs.
2. Public limited, Section 8 not-for-profit, and holding/subsidiary companies are expressly excluded.
3. Therefore option (B) is the only correct class.
_Source: ICAI BoS CA Inter Paper 2 — Preliminary_