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Corporate and Other Laws Volume 1 Quiz

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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?

Whole of India Signup and view all the answers

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

Rule-based with 470 sections Signup and view all the answers

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

In stages on different dates Signup and view all the answers

What does 'abridged prospectus' mean?

A detailed summary of the prospectus Signup and view all the answers

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

Additions, omissions, and substitutions Signup and view all the answers

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

A joint venture company with significant influence Signup and view all the answers

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

The maximum amount of share capital of the company Signup and view all the answers

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

The collective body of the directors Signup and view all the answers

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

All sums of money received and expended by a company Signup and view all the answers

What is considered a 'branch office'?

Any establishment described as such by the company Signup and view all the answers

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

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