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    Question

    ICAI’s central council has approved formation of a

    Self-Regulatory Organisation for Social Stock Exchange. It would be set up as a _____________ company under the Companies Act 2013.
    A Section 4 Correct Answer Incorrect Answer
    B Section 8 Correct Answer Incorrect Answer
    C Section 10 Correct Answer Incorrect Answer
    D Section 12 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    ICAI’s central council has given approval to the formation of a Self-Regulatory Organisation (SRO) for Social Stock Exchange. It will be set up as a Section 8 company under the Companies Act 2013 under the aegis of ICAI. SRO will be named as “Institute of Social Auditors of India”.

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