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What is the minimum paid up share capital requirement for an OPC as per the Companies Act, 2013?
What is the minimum paid up share capital requirement for an OPC as per the Companies Act, 2013?
- Rs. 1 lakh
- Rs. 10 lakh
- No limit prescribed (correct)
- Rs. 5 lakh
Who can be eligible to incorporate a One Person Company (OPC)?
Who can be eligible to incorporate a One Person Company (OPC)?
- Only Indian residents
- Only Indian citizens
- Only natural persons who are Indian citizens and have stayed in India for at least 120 days (correct)
- Any person, regardless of citizenship or residency
What is the requirement for the person whose name is mentioned in the memorandum of an OPC?
What is the requirement for the person whose name is mentioned in the memorandum of an OPC?
- They must be a resident of the same state as the OPC
- They must have a minimum of 10 years of experience
- They must give their prior written consent in a prescribed form (correct)
- They must be a relative of the subscriber
What happens if the subscriber of an OPC becomes incapacitated or dies?
What happens if the subscriber of an OPC becomes incapacitated or dies?
Can the member of an OPC change the name of the person mentioned in the memorandum?
Can the member of an OPC change the name of the person mentioned in the memorandum?
What is the significance of the memorandum of an OPC?
What is the significance of the memorandum of an OPC?
What is a condition for a company to be considered a subsidiary of another company?
What is a condition for a company to be considered a subsidiary of another company?
What is the status of a private company that is a subsidiary of a public company?
What is the status of a private company that is a subsidiary of a public company?
What is an example of a situation where a company is a subsidiary of another company?
What is an example of a situation where a company is a subsidiary of another company?
What is the relationship between companies B and C in the following scenario: B is a subsidiary of A and C is a subsidiary of B?
What is the relationship between companies B and C in the following scenario: B is a subsidiary of A and C is a subsidiary of B?
What is an associate company in relation to another company?
What is an associate company in relation to another company?
Why is a private company that is a subsidiary of a public company deemed to be a public company?
Why is a private company that is a subsidiary of a public company deemed to be a public company?
What is a characteristic of a Section 8 company?
What is a characteristic of a Section 8 company?
What happens if a Section 8 company contravenes the conditions of its licence?
What happens if a Section 8 company contravenes the conditions of its licence?
What is a unique feature of a Section 8 company's general meeting?
What is a unique feature of a Section 8 company's general meeting?
Which type of company is exempt from constituting a Nomination and Remuneration Committee?
Which type of company is exempt from constituting a Nomination and Remuneration Committee?
What can be a member of a Section 8 company?
What can be a member of a Section 8 company?
What is a dormant company as per the Companies Act, 2013?
What is a dormant company as per the Companies Act, 2013?
What are examples of Section 8 companies?
What are examples of Section 8 companies?
Under which section can the Central Government register a company with limited liability without the addition of words ‘Limited’ or ‘Private limited’ to its name?
Under which section can the Central Government register a company with limited liability without the addition of words ‘Limited’ or ‘Private limited’ to its name?
What is the consequence of revocation of license of a Section 8 company?
What is the consequence of revocation of license of a Section 8 company?
Who can revoke the license of a Section 8 company?
Who can revoke the license of a Section 8 company?
What is the condition before revoking the license of a Section 8 company?
What is the condition before revoking the license of a Section 8 company?
Under which circumstances can the Central Government revoke the license of a Section 8 company?
Under which circumstances can the Central Government revoke the license of a Section 8 company?
What is the primary legislation under which the Life Insurance Corporation of India was established?
What is the primary legislation under which the Life Insurance Corporation of India was established?
What is the minimum percentage of paid-up share capital required to be held or controlled by the Central Government or any State Government for an institution to be notified as a PFI?
What is the minimum percentage of paid-up share capital required to be held or controlled by the Central Government or any State Government for an institution to be notified as a PFI?
Which of the following institutions is not specified as a PFI under the Companies Act, 2013?
Which of the following institutions is not specified as a PFI under the Companies Act, 2013?
Who must be consulted by the Central Government before notifying an institution as a PFI?
Who must be consulted by the Central Government before notifying an institution as a PFI?
What is the purpose of Section 4A(2) of the Companies Act, 1956?
What is the purpose of Section 4A(2) of the Companies Act, 1956?
Which Act repealed the Companies Act, 1956?
Which Act repealed the Companies Act, 1956?
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