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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