CMA
13117 Points
Joined May 2009
Small and Medium Sized Company” (SMC) means, a company-
(i) whose equity or debt securities are not listed or are not inthe process of listing on any stock exchange, whether in India or outside India;
(ii) which is not a bank, financial institution or an insurancecompany;
(iii) whose turnover (excluding other income) does not exceed rupees fifty crore in the immediately preceding accounting year;
(iv) which does not have borrowings (including public deposits) in excess of rupees ten crore at any time during the immediately preceding accounting year; and
(v) which is not a holding or subsidiary company of a company which is not a small and medium-sized company.
https://www.mca.gov.in/Ministry/notification/pdf/Notification_GSR_739.pdf