Question
Which of the following statements does not represent a
true characteristic of a company under the Companies Act, 2013?Solution
A company, once incorporated under the Companies Act, 2013 (or earlier laws such as the Companies Act, 1956), acquires certain defining features: ā¢ It is an incorporated association, formed through registration. ā¢ It is considered an artificial person created by law, capable of holding property, entering into contracts, and suing or being sued. ā¢ It has a separate legal entity distinct from its shareholders. ā¢ It enjoys perpetual succession, meaning the death, insolvency, or exit of members does not affect its continuity. However, the idea of a ālimited life spanā is not a feature of a company, since companies continue to exist until legally wound up.
Any security provided to the bank in exchange for a loan is known asĀ ______.
From which city the Women's Tri-Services Motorcycle Rally was flagged off to mark the 24th Kargil Vijay Diwas?
- The Assam government and AASU have reached a consensus on how many recommendations from the Assam Accord Committee report?
What was the main feature of the logo designed by Shri Shaurya Pratap Singh for the IHRC?
Where was Indiaās Phenome India National Biobank inaugurated?
Consider the following statement about Mission Saksham Anganwadi and Poshan 2.0.
I. Pre-school Kit/ECCE is one of the sub-components of Saksham A...
Skateboarding, surfing and rock climbing have officially been added to the ________ Los Angeles Olympics.
The āINSPIREā program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities,...
Where was Indiaās first cooperative multi-feed Compressed Biogas (CBG) plant inaugurated?
Who has been appointed Deputy National Security Adviser to handle internal affairs?
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