Arrange the following as per sections of the Companies Act, 2013 in descending order : A. Execution of Bills of Exchange, etc. B. Punishment in case of repeated default C. Annual reports on Government Companies D. Petition for winding up E. Functions of Company Secretary Choose the correct answer from the options given below:
B, C, D, E, A
Understanding the Arrangement of Companies Act, 2013 Sections
The question asks us to arrange specific topics based on their corresponding section numbers in the Companies Act, 2013, in descending order. To do this, we first need to identify the relevant section number for each topic listed.
Identifying Sections of the Companies Act, 2013
Let's find the section numbers for each point provided:
| Point | Topic | Relevant Section(s) in Companies Act, 2013 |
|---|---|---|
| A | Execution of Bills of Exchange, etc. | Section 22 |
| B | Punishment in case of repeated default | Section 451 |
| C | Annual reports on Government Companies | Section 394 |
| D | Petition for winding up | Section 272 (Part of Chapter XX - Winding Up) |
| E | Functions of Company Secretary | Section 205 |
Arranging Companies Act, 2013 Sections in Descending Order
Now we have the section numbers for each topic. We need to arrange these numbers from largest to smallest (descending order) and list the corresponding letters (A, B, C, D, E):
The section numbers are: 22 (A), 451 (B), 394 (C), 272 (D), 205 (E).
Arranging these section numbers in descending order:
- 451 (B)
- 394 (C)
- 272 (D)
- 205 (E)
- 22 (A)
Thus, the topics arranged as per sections of the Companies Act, 2013, in descending order are B, C, D, E, A.
Final Answer Derivation
Based on the descending order of the section numbers, the correct arrangement of the given topics is B, C, D, E, A.
| Order | Section Number | Topic (Letter) |
|---|---|---|
| 1st (Largest) | 451 | B |
| 2nd | 394 | C |
| 3rd | 272 | D |
| 4th | 205 | E |
| 5th (Smallest) | 22 | A |
Revision Table: Key Companies Act Sections
Here is a quick reference for the sections discussed:
| Topic | Companies Act, 2013 Section |
|---|---|
| Execution of Bills of Exchange, etc. | Section 22 |
| Punishment in case of repeated default | Section 451 |
| Annual reports on Government Companies | Section 394 |
| Petition for winding up | Section 272 |
| Functions of Company Secretary | Section 205 |
Additional Information: Understanding Companies Act Sections
The Companies Act, 2013 is structured into various chapters and sections, covering all aspects of company formation, management, and winding up in India. Knowing the general area covered by different parts and chapters can help in quickly locating relevant sections.
- Section 22: Deals with how documents like bills of exchange are executed on behalf of a company. This is part of Chapter II, which covers Incorporation of Company and Matters Incidental thereto.
- Section 205: Outlines the duties and responsibilities of a Company Secretary, falling under Chapter XIII, which deals with Appointment and Remuneration of Managerial Personnel.
- Section 272: Specifies who can present a petition to the Tribunal for the winding up of a company. This is in Chapter XX, focusing on Winding Up, specifically Winding Up by the Tribunal.
- Section 394: Relates to the reporting requirements for Government Companies, including the placement of their annual reports before Parliament or State Legislature. This section is within Chapter XXIV, covering Powers of Central Government to Inspect, Investigate, and Other Matters.
- Section 451: Prescribes enhanced penalties for individuals or companies who commit similar defaults repeatedly under the Act. This section is found in Chapter XXX, which deals with Miscellaneous provisions.
The section numbers generally progress in a somewhat sequential manner through the Act, though there are jumps due to parts, chapters, and amendments. Understanding this structure helps in navigating the Act.
Important Questions from Company law
Match List I with List - II.
List - I
List - II
(A)
Producer companies
(I)
Do not necessarily require Memorandum of Association
(B)
Statutory companies
(II)
Association not for profit
(C)
Section 8 company
(III)
Formed to convert cooperative into a company
(D)
Small company
(IV)
Paid up share capital is between 50 lakh-5 crore and turnover is between 2 crore - 20 crore
Choose the correct answer from the options given below:
Red herring prospectus is a prospectus issued:
- The problem of double taxation in international transactions can be reduced by:
i. Market agreement
ii. Multilateral agreement
iii. Bilateral agreement.
iv. Trade agreement - Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: Every company having net worth of rupees five hundred crores or more or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee (CSRC).
Reason R: The CSR Committee monitors CSR policy of the company.
In the light of the above statements, choose the most appropriate answer from the options given below - Which of the following is not a type of prospectus under the Companies Act, 2013?
