5 Questions
Explain the meaning, definition, and characteristics of a company as per the BBA Department Company Law syllabus.
A company is an artificial legal person created by law, having a separate legal entity, perpetual succession, and a common seal. It can enter into contracts, own property, and sue or be sued in its own name.
What are the different types of companies mentioned in the BBA Department Company Law syllabus?
The different types of companies include private companies, public companies, one person companies, and section 8 companies.
Describe the process of the formation of a company as outlined in the syllabus.
The formation of a company involves promotion, incorporation, and commencement of business. It requires the preparation of documents such as Memorandum of Association (MOA), Articles of Association (AOA), prospectus, and statement in lieu of prospectus.
When was the Companies Act, 2013 passed in the Lok Sabha, Rajya Sabha, and received the President's Assent?
The Companies Act, 2013 was passed in the Lok Sabha on 18th December, 2012, in the Rajya Sabha on 8th August, 2013, and received the President's Assent on 29th August, 2013.
What are some of the key objectives and provisions of the Companies Act, 2013 mentioned in the provided text?
Some key objectives and provisions of the Companies Act, 2013 include e-governance, introduction of corporate social responsibility, enhanced accountability of companies, enhanced disclosures in reports, facilitating raising of capital, and audit accountability.
Test your knowledge of the BBA department syllabus covering company law unit 1, which includes the meaning, definition, and characteristics of a company, different types of companies, privileges and exemptions granted to a private company, formation of a company, and the documents involved under the Companies Act, 2013.
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