Q.Under Section 2(20) of the Companies Act, 2013, a 'company' means:
(A) Any business organisation with more than one owner
(B) A company incorporated under the Companies Act, 2013, or under any previous company law
(C) Any organisation registered with the Reserve Bank of India
(D) Only a company whose shares are listed on a stock exchange

Section 2(20) ties the definition of 'company' specifically to incorporation under this Act or an earlier company law, not to ownership structure or listing status.

Work through each option against the rule stated above; the defining feature is the ACT OF INCORPORATION under company law, not the number of owners or whether shares are listed.

Section 2(20) defines 'company' narrowly and precisely: 'company means a company incorporated under this Act or under any previous company law.'

Option-by-option analysis:

• (A) Incorrect — having more than one owner does not, by itself, make an organisation a 'company' in this legal sense (a partnership has multiple owners but is not a company).
• (B) Correct — this is the exact statutory definition.
• (C) Incorrect — RBI registration applies to entities like NBFCs and is unrelated to the statutory definition of 'company.'
• (D) Incorrect — a company need not be listed at all; most registered companies in India are unlisted private companies.