Corporate and Other Laws Volume 1 Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

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 (C)</p> Signup and view all the answers

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

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

What does 'abridged prospectus' mean?

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

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

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

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

<p>A joint venture company with significant influence (D)</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 (C)</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 (B)</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 (D)</p> Signup and view all the answers

What is considered a 'branch office'?

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

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser