Companies Act, 2013 Overview
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Questions and Answers

Which Act introduced concepts like one person company in India?

  • Companies Act, 1956
  • Partnership Act, 1932
  • Income Tax Act, 1961
  • Companies Act, 2013 (correct)

What does the Companies Act, 2013 define a company as?

  • A natural person with individual identity
  • An artificial entity with independent identity from its members (correct)
  • A company incorporated or registered under the Companies Act, 1956
  • A partnership firm with unlimited liability

What is a key feature of a company according to the text?

  • Joint liability of members
  • Unlimited number of members
  • Separate legal entity (correct)
  • Limited life span

How many sections does the Companies Act, 2013 contain?

<p>470 sections (A)</p> Signup and view all the answers

Why was the Companies Act, 2013 enacted?

<p>To consolidate and amend the law relating to companies (A)</p> Signup and view all the answers

How many chapters is the Companies Act, 2013 divided into?

<p>29 chapters (A)</p> Signup and view all the answers

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