Q.Under Section 2(20) of the Companies Act, 2013, a 'company' means:

Section 2(20) ties the legal meaning of 'company' specifically to incorporation under company law, not to ownership structure or listing status.

Check each option against this rule: the defining feature is the ACT OF INCORPORATION under company law, not the number of owners or whether shares are traded.

Section 2(20) defines a 'company' narrowly and precisely as one incorporated under the Companies Act, 2013, or under any previous company law — the legal status turns entirely on the fact of registration, not on any other feature of the business.

Option-by-option analysis:

• (a) Incorrect — having more than one owner does not, by itself, make a business a 'company'; a partnership also has multiple owners but is not a company.
• (b) Correct — this is the exact statutory definition.
• (c) Incorrect — RBI registration is unrelated to a business being classified as a 'company' under the Companies Act.
• (d) Incorrect — a company need not be listed at all; most registered companies in India are unlisted.