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.
Similar Questions
- Which of the following is an ex-officio member of the National Commission for Allied and Healthcare Profession as provided in the National Commission for Allied and Healthcare Profession Act, 2021?
- Who is responsible for hoisting the flag on Independence Day?
- Which discretionary power allows a Governor to reserve a bill passed by the state legislature for the consideration of the President?
- Match the following Schedules of the Indian Constitution with their respective features:
Column A (Schedule) Column B (Feature) 1. First Schedule a. Allocation of powers and responsibilities between Union and States 2. Third Schedule b. Forms of Oaths or Affirmations 3. Fifth Schedule c. Administration and control of Scheduled Areas and Tribes (excluding NE states) 4. Seventh Schedule d. Names of the States and Union Territories and their territorial jurisdiction - The "emoluments, allowances, and privileges of constitutional officeholders" are governed under which Schedule of the Indian Constitution?
- India's improvement in the Rule of Law Index is most critically challenged by which factor?
- Under Section 25(1) of the Bharatiya Nagarik Suraksha Sanhita, 2023, what may the Court do when a person is convicted in one trial for multiple offences?
- The power to legislate on 'Residuary Subjects' (matters not enumerated in any of the three Lists) rests exclusively with:
- Arrange the following Fundamental Rights in the order of their appearance in the Constitution:
1. Right to Freedom
2. Right to Equality
3. Right to Freedom of Religion
4. Right against Exploitation - Which Indian state does S. Jaishankar represent in the Rajya Sabha?
Important Questions from Indian Polity
Consider the following statements :
1. In the first Lok Sabha, the single largest party in the opposition was the Swatantra Party.
2. In the Lok Sabha, a "Leader of the Opposition" was recognised for the first time in 1969.
3. In the Lok Sabha, if a party does not have a minimum of 75 members, its leader cannot be recognised as the Leader of the Opposition.
Which of the statements given above is/are correct?
With reference to Lok Adalats, which of the following statements is correct?
Which one of the following statements is an appropriate description of deflation?
Protection of wildlife comes under which of the following in Constitution of India?
1. Fundamental duties
2. Directive principles
3. Seventh schedule
Select the correct option from the codes given below-
- Which of the following is an ex-officio member of the National Commission for Allied and Healthcare Profession as provided in the National Commission for Allied and Healthcare Profession Act, 2021?
