The correct answer is 2013.
The Companies Act, 2013, is the primary legislation in India that governs the incorporation, regulation, and administration of companies. It consolidates and amends various previous laws related to companies, aiming to streamline corporate governance and enhance transparency and accountability. The Act introduces significant changes in areas such as corporate social responsibility, independent directors, and the process of company registration and winding up. It replaced the Companies Act of 1956, significantly updating and modernizing the legal framework for businesses operating in India. This comprehensive Act is pivotal for understanding and complying with the legal requirements surrounding company operations within the Indian context. It significantly impacts various aspects of a company's lifecycle, from formation to dissolution. The 2013 Act aims to foster a more robust and transparent business environment, protecting the interests of stakeholders including shareholders, creditors and the public. The changes made reflect global best practices and seek to align Indian corporate law with international standards. The act also deals with issues of corporate fraud and strengthens the penal provisions to deter corporate malfeasance.
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Select the correct option from the codes given below-
- Who is responsible for hoisting the flag on Independence Day?
