The Companies Act, _________ is an Act to consolidate and amend the law relating to companies.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 2013.
The Companies Act, 2013, is an Act to consolidate and amend the law relating to companies.
The Companies Act, 2013 is the primary legislation governing the incorporation, regulation, and dissolution of companies in India. It replaced the earlier Companies Act, 1956 to address modern corporate needs and provide a more comprehensive framework. The Act covers various aspects such as company formation, management, duties of directors, corporate governance, investor protection, and financial disclosures. It aims to promote transparency, accountability, and ease of doing business. By consolidating and amending the previous laws, the Companies Act, 2013 ensures India’s corporate sector aligns with global standards and supports economic growth.