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Questions and Answers
Which financial year did the Indian Companies Act, 2013 come into effect?
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?
What is the minimum number of members required to form a public company as per the Indian Companies Act, 2013?
- 10
- 5
- 15
- 7 (correct)
Under the Indian Companies Act, 2013, what percentage of profits must be transferred to reserves before declaring dividends?
Under the Indian Companies Act, 2013, what percentage of profits must be transferred to reserves before declaring dividends?
- 25%
- 20%
- 30% (correct)
- 35%
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