Untitled Presentation

Multiple Choice

What is the significance of the Companies Act 2013 in the context of company formation and regulation in India?

• It replaced the Companies Act 1956 and introduced new rules for company formation and governance.

• It only applies to foreign companies operating in India.

• It is related to taxation of companies.

• It governs only public sector companies.

Open Ended

Explain the differences between a private company and a public company as described in the Companies Act. Focus on aspects such as number of members, transferability of shares, and regulatory requirements.

Multiple Select

Which of the following are characteristics of a One Person Company (OPC) according to the Companies Act?

• It can have only one member.

• It is treated as a private company.

• It can issue shares to the public.

• It must have at least two directors.