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sec 2 (86) whether small company can be public company?
Replies (5)
No, the definition itself says a company other than public company
As per sec 2(85) of the companies act 2013, small company means a company other than a public company:
i) having paid up share capital which does not exceed 50 lacs or such higher amt as prescribed (5 cr)
ii) turnover which does not exceed 2cr or such higher amt as prescribed (20crs)
In section 141 (3) wt does relative is director or something else they were trying to say

Kindly refer the defination of relative as per section 2(77)

relative with reference to any other person means any one who is related to another if :

they are members of Hindu undivided family

they are husband and wife

one person is related to other in such a manner as may be prescrbed

any other person as may be prescribed is given as per Rule 4 of Company specification Rules.

it includes :

Father (including step father)

Mother (including step mother)

Son

Son's daughter

daughter's husband

brother(including step brother)


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