Which of the following are not the objectives of the Competition Act, 2002? (A) Ensure freedom of trade for other participants in incidental and connected markets. (B) Provide a reasonable level of reliability and connect operation. (C) Adhere to generally accepted security procedures. (D) Protect the interests of consumers. Choose the correct answer from the options given below:
B, C only
The Competition Act seeks to prevent practices harming competition, promote and sustain competition, protect consumers and ensure freedom of trade. The generic reliability and security-procedure statements B and C are not its stated objectives.
Important Questions from The Companies Act, 2013
Match List I with List II:
List- I
List – II
A.
Appointment of auditors by CAG (I)
Section 139 (5) B.
Qualifications and disqualifications of auditors (II)
Section 141 C.
Powers-and duties of auditors (III)
Section 142 D.
Remuneration of auditors (IV)
Section 143
Choose the correct answer from the options given below -Which one of the following nature of business is suitable to a Dormant company?
Which of the following companies do not fall under a purview of Dormant company?
(A) Private company
(B) One person company
(C) Limited and unlimited liability companies
(D) Public company
(E) Government company
Choose the most appropriate answer from the options given below:
Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R.
Assertion (A): Provision is made to obtain the status of a ‘dormant company for a inactive company that doesn't trade.
Reasons (R): Dormant company doesn't trade but has significant accounting transaction.
In the light of the above statements, choose the most appropriate answer from the options given below -
Dormant company offers excellent advantage to which one of the following?
