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Indian Companies Act 2013: B.Com 3rd Sem Accounts Quiz

3 Questions

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Indian Companies Act 2013: B.Com 3rd Sem Accounts Quiz

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Questions and Answers

Which financial year did the Indian Companies Act, 2013 come into effect?

2012-2013

2011-2012

2014-2015

2013-2014 (correct)

What is the minimum number of members required to form a public company as per the Indian Companies Act, 2013?

7 (correct)

Under the Indian Companies Act, 2013, what percentage of profits must be transferred to reserves before declaring dividends?

25%

20%

30% (correct)

35%

Indian Companies Act 2013: B.Com 3rd Sem Accounts Quiz

Choose a study mode

Podcast

Questions and Answers

Which financial year did the Indian Companies Act, 2013 come into effect?

What is the minimum number of members required to form a public company as per the Indian Companies Act, 2013?

Under the Indian Companies Act, 2013, what percentage of profits must be transferred to reserves before declaring dividends?

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