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TOTAL QUESTION: 20
TOTAL TIME= 20 MIN
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Your results are here!! for" Companies Act, 2013 "
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Question 1 of 20
1. Question
What is the Act number of the Companies Act, 2013?
Correct
The Companies Act, 2013 is Act No. 18 of 2013.
Incorrect
The Companies Act, 2013 is Act No. 18 of 2013.
Unattempted
The Companies Act, 2013 is Act No. 18 of 2013.
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Question 2 of 20
2. Question
When did the Companies Act, 2013 receive the President‘s assent?
Correct
The Act received the President‘s assent on 29 August 2013.
Incorrect
The Act received the President‘s assent on 29 August 2013.
Unattempted
The Act received the President‘s assent on 29 August 2013.
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Question 3 of 20
3. Question
Which provision of the Companies Act, 2013 was brought into force on 30 August 2013?
Correct
Section 1 was implemented on 30 August 2013.
Incorrect
Section 1 was implemented on 30 August 2013.
Unattempted
Section 1 was implemented on 30 August 2013.
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Question 4 of 20
4. Question
How many sections were notified and came into force on 12 September 2013?
Correct
The provided content states that 98 sections were notified on 12 September 2013.
Incorrect
The provided content states that 98 sections were notified on 12 September 2013.
Unattempted
The provided content states that 98 sections were notified on 12 September 2013.
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Question 5 of 20
5. Question
How many additional sections were brought into effect on 1 April 2014?
Correct
An additional 183 sections were brought into effect on 1 April 2014.
Incorrect
An additional 183 sections were brought into effect on 1 April 2014.
Unattempted
An additional 183 sections were brought into effect on 1 April 2014.
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Question 6 of 20
6. Question
Why were private companies exempted from several compliance requirements through later notifications?
Correct
The exemptions were issued to ease the regulatory burden on private companies.
Incorrect
The exemptions were issued to ease the regulatory burden on private companies.
Unattempted
The exemptions were issued to ease the regulatory burden on private companies.
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Question 7 of 20
7. Question
When was the National Company Law Tribunal constituted under the Act?
Correct
NCLT was constituted on 1 June 2016.
Incorrect
NCLT was constituted on 1 June 2016.
Unattempted
NCLT was constituted on 1 June 2016.
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Question 8 of 20
8. Question
Which of the following is a matter handled by NCLT?
Correct
NCLT handles matters including company disputes, insolvency and bankruptcy, winding up, and shareholder and board disputes.
Incorrect
NCLT handles matters including company disputes, insolvency and bankruptcy, winding up, and shareholder and board disputes.
Unattempted
NCLT handles matters including company disputes, insolvency and bankruptcy, winding up, and shareholder and board disputes.
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Question 9 of 20
9. Question
NCLT was established based on the recommendations of which committee?
Correct
The provided content states that NCLT was established based on recommendations of the Justice Eradi Committee.
Incorrect
The provided content states that NCLT was established based on recommendations of the Justice Eradi Committee.
Unattempted
The provided content states that NCLT was established based on recommendations of the Justice Eradi Committee.
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Question 10 of 20
10. Question
When was the National Financial Reporting Authority (NFRA) established?
Correct
NFRA was established in March 2018.
Incorrect
NFRA was established in March 2018.
Unattempted
NFRA was established in March 2018.
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Question 11 of 20
11. Question
What is a major responsibility of NFRA?
Correct
NFRA is responsible for oversight of auditors and audit firms and related regulatory functions.
Incorrect
NFRA is responsible for oversight of auditors and audit firms and related regulatory functions.
Unattempted
NFRA is responsible for oversight of auditors and audit firms and related regulatory functions.
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Question 12 of 20
12. Question
NFRA can investigate professional misconduct by which professionals according to the provided content?
Correct
The provided content states that NFRA can investigate professional misconduct by chartered accountants.
Incorrect
The provided content states that NFRA can investigate professional misconduct by chartered accountants.
Unattempted
The provided content states that NFRA can investigate professional misconduct by chartered accountants.
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Question 13 of 20
13. Question
Which section of the Companies Act, 2013 deals with Corporate Social Responsibility (CSR)?
Correct
Section 135 of the Companies Act, 2013 deals with CSR.
Incorrect
Section 135 of the Companies Act, 2013 deals with CSR.
Unattempted
Section 135 of the Companies Act, 2013 deals with CSR.
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Question 14 of 20
14. Question
Which net worth threshold is one of the criteria for CSR applicability?
Correct
CSR applies to companies with net worth of ₹500 crore or more, among other criteria.
Incorrect
CSR applies to companies with net worth of ₹500 crore or more, among other criteria.
Unattempted
CSR applies to companies with net worth of ₹500 crore or more, among other criteria.
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Question 15 of 20
15. Question
Which turnover threshold can make a company subject to CSR provisions?
Correct
A turnover of ₹1,000 crore or more is one of the stated CSR thresholds.
Incorrect
A turnover of ₹1,000 crore or more is one of the stated CSR thresholds.
Unattempted
A turnover of ₹1,000 crore or more is one of the stated CSR thresholds.
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Question 16 of 20
16. Question
Which net profit threshold is specified for CSR applicability?
Correct
A net profit of ₹5 crore or more is one of the stated CSR thresholds.
Incorrect
A net profit of ₹5 crore or more is one of the stated CSR thresholds.
Unattempted
A net profit of ₹5 crore or more is one of the stated CSR thresholds.
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Question 17 of 20
17. Question
What percentage of average net profits of the previous three years must qualifying companies spend on CSR activities?
Correct
Qualifying companies must spend at least 2% of the average net profits of the previous three years on CSR activities.
Incorrect
Qualifying companies must spend at least 2% of the average net profits of the previous three years on CSR activities.
Unattempted
Qualifying companies must spend at least 2% of the average net profits of the previous three years on CSR activities.
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Question 18 of 20
18. Question
Which section introduced the concept of Key Managerial Personnel (KMP)?
Correct
Section 203 introduced the concept of Key Managerial Personnel.
Incorrect
Section 203 introduced the concept of Key Managerial Personnel.
Unattempted
Section 203 introduced the concept of Key Managerial Personnel.
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Question 19 of 20
19. Question
Which position was formally defined as Key Managerial Personnel (KMP) under the Act according to the provided content?
Correct
The Act formally defined company secretaries as Key Managerial Personnel for the first time according to the provided content.
Incorrect
The Act formally defined company secretaries as Key Managerial Personnel for the first time according to the provided content.
Unattempted
The Act formally defined company secretaries as Key Managerial Personnel for the first time according to the provided content.
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Question 20 of 20
20. Question
How many shareholders does a One Person Company (OPC) have?
Correct
An OPC is a company with a single shareholder.
Incorrect
An OPC is a company with a single shareholder.
Unattempted
An OPC is a company with a single shareholder.