🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Corporate and Other Laws Volume 1 Quiz
14 Questions
1 Views

Corporate and Other Laws Volume 1 Quiz

Created by
@FairSquirrel9528

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the aim of the Companies Act, 2013?

  • To complicate corporate governance
  • To simplify regulations and weaken the interests of investors
  • To improve corporate governance, simplify regulations, and strengthen the interests of investors (correct)
  • To reduce the number of regulations
  • When did the Companies Act, 2013 receive the assent of the President of India?

  • 28th August 2013
  • 29th August 2013 (correct)
  • 30th August 2013
  • 1st September 2013
  • How many sections does the Companies Act, 2013 contain?

  • 200 sections
  • 470 sections (correct)
  • 600 sections
  • 350 sections
  • What is the extent of the Companies Act, 2013?

    <p>Whole of India</p> Signup and view all the answers

    How was the legislation of the Companies Act, 2013 based?

    <p>Rule-based with 470 sections</p> Signup and view all the answers

    When did Section 1 of the Companies Act, 2013 come into force?

    <p>In stages on different dates</p> Signup and view all the answers

    What does 'abridged prospectus' mean?

    <p>A detailed summary of the prospectus</p> Signup and view all the answers

    What is included in the definition of 'alter or alteration'?

    <p>Additions, omissions, and substitutions</p> Signup and view all the answers

    Which of the following is considered an 'associate company'?

    <p>A joint venture company with significant influence</p> Signup and view all the answers

    What does 'authorised capital or nominal capital' refer to?

    <p>The maximum amount of share capital of the company</p> Signup and view all the answers

    What does 'body corporate or corporation' include in relation to a company?

    <p>The collective body of the directors</p> Signup and view all the answers

    What is included in the definition of 'books of account'?

    <p>All sums of money received and expended by a company</p> Signup and view all the answers

    What is considered a 'branch office'?

    <p>Any establishment described as such by the company</p> Signup and view all the answers

    What does 'charge' mean in the context of a company?

    <p>An interest or lien created on the property or assets of a company as security</p> Signup and view all the answers

    Use Quizgecko on...
    Browser
    Browser