Definition: Small Company means a Company, other than Public Company, whose paidup capital is less than Rs 4 Cr and turnover is less than Rs 40 Cr. That means, Small Company is also a private limited company whose paid up capital and turnover is restricted to given limits. However, above definition does not apply to a holding company or subsidiary company, a company registered under Section 8 and a company or body corporate governed by any special Act.