New Enroll in RBI Grade B New Batch - Starts on May 21

    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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