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Questions and Answers
When did the Companies Act 2013 receive presidential assent?
When did the Companies Act 2013 receive presidential assent?
- 30 August 2013
- 29 August 2013 (correct)
- 12 September 2013
- 1 April 2014
When was the National Company Law Tribunal (NCLT) constituted?
When was the National Company Law Tribunal (NCLT) constituted?
- 30 August 2013
- 12 September 2013
- 1 April 2014
- 1 June 2016 (correct)
When did the Ministry of Corporate Affairs exempt private companies from various sections under the act?
When did the Ministry of Corporate Affairs exempt private companies from various sections under the act?
- After 1 April 2014 (correct)
- 1 June 2016
- 30 August 2013
- 12 September 2013
What is the primary source of Indian company law?
What is the primary source of Indian company law?
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When was the National Financial Reporting Authority (NFRA) established?
When was the National Financial Reporting Authority (NFRA) established?
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Study Notes
Key Dates and Provisions in Indian Company Law
- The Companies Act 2013 received presidential assent on August 29, 2013.
- The National Company Law Tribunal (NCLT) was constituted on June 1, 2016.
- The Ministry of Corporate Affairs exempted private companies from various sections under the Companies Act 2013 on June 5, 2015.
- The primary source of Indian company law is the Companies Act, which governs all company-related regulations and compliance in India.
- The National Financial Reporting Authority (NFRA) was established on October 1, 2018, to oversee the auditing profession and improve the quality of financial reporting.
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