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      Question

      The term shell company is undefined in the ___________.

      But in public parlance these are seen as bogus entities that do not produce anything but are used us a channel to evade tax.
      A Companies Act 1856 Correct Answer Incorrect Answer
      B Companies Act 1956 Correct Answer Incorrect Answer
      C Companies Act 2013 Correct Answer Incorrect Answer
      D SEBI Act 1992 Correct Answer Incorrect Answer
      E Shell company Act 2011 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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