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    Question

    Consider the following statement/s about Companies Act

    2013: 1. It received presidential assent on 29 August 2013. 2. It superseded the Companies Act 1950. 3. Act established the National Company Law Tribunal (NCLT), which was constituted on 1 June 2016. Which of the above is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 and 2 both Correct Answer Incorrect Answer
    E 1 and 3 both Correct Answer Incorrect Answer

    Solution

    This Act established National Company Law Tribunal (NCLT), which was constituted on 1 June 2016. Companies Act 2013 is an Act of the Parliament of India which forms the primary source of Indian company law.  It received presidential assent on 29 August 2013, it largely superseded the Companies Act 1956.

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