7) AJD Pvt. Ltd. is having paid up share capital of ` 45 Lakhs and annual turnover of `185 Lacs. It is a wholly owned subsidiary of K Ltd.- a listed company. Can AJD Pvt. Ltd. be called a small company as per the provisions of the Companies Act, 2013.

Answer rating: 100% (QA)

Answer As per Section 285 of the Companies Act 2013 read with Rule 21t of the Comp... View the full answer