Register Now

Login

Lost Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Add question

Sorry, you do not have a permission to add a question.
You must login to ask question.

Basics of Company Law -Test Your Knowledge.

Basics of the Company Law

There are various forms to carry out business activities like partnership, sole proprietorship, company, LLP etc. Company is the most complex and widely used form of business for carrying out economic activities at a large scale. There has been a recent change in the Law for corporate entities. The era of Companies Act, 2013 has started. With this Companies Act, 2013, there are various changes that have been brought (regulatory, monetary limits, other limits etc.)

For starting a corporate form of business one can follow a route of One Person Company, Private Company, Public Company, Non Profit Organisation, Nidhi Company etc. depending upon the requirements to fulfill the objects and circumstances. Different Rules and Regulations of the prevailing laws have to be abided by to carry out business in a hassle free manner.

MCA (Ministry of Corporate Affairs ) is the main regulatory Authority for company form of business. there are various limits that have to be fulfilled at the time of incorporation of the company.

The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August, 2013. The Act consolidates and amends the law relating to companies. The Companies Act, 2013 has been notified in the Official Gazette on 30th August, 2013. Some of the provisions of the Act have been implemented by a notification published on 12th September, 2013. The provisions of Companies Act, 1956 are still in force.

There are various new concepts that have been introduced by the Companies Act, 2013 like OPC, women Directors, CSR, Registered valuers, Rotation  of auditors, class action, dormant company, fast track mergers, SFIO, Associate Company, Nidhi company etc.

A small quiz is given below to limelight a few changes that have been introduced by the companies act 2013. Test your Knowledge and check whether you are updated or outdated !

investor protection

test quiz description

Comment ( 1 )

  1. Great article… Precise and up to the point…I hope it’s a series of articles….

    P.s. I scored 80% in the quiz…

Leave a reply