Question

The term private company is defined under which section of the Act?

• A. Section 2(68)
• B. Section 2(71)
• C. Section 2(4)
• D. Section 2(3)

Answer 1

Answer: (B)

Section 2(71)

Public Co has been defined under section 2(71) of the Companies Act, 2013 as a company which—

(a) is not a private company;

(b) has a minimum paid-up share capital as may be prescribed:

Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles

Section 2 (68) defines promoter of the company.

Section 2 (4) defines appellate tribunal and Section 2(3) defines alteration