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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 It superseded the Companies Act 1950. 3.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which forms the primary source of Indian company law.┬а It received presidential assent on 29 August 2013, it largely superseded the Companies Act 1956.

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