1What are the types of companies under Section 3 of the Companies Act, 2013?
Private, Public, and One Person Company (OPC).
2What is the minimum number of members required to form a private company?
Two.
3What does Section 4 of the Companies Act, 2013 define?
Memorandum of Association (MOA).
4What information must be included in the MOA?
Name, state of registered office, objects, liability, and share capital details.
5What does Section 5 of the Companies Act, 2013 cover?
Articles of Association (AOA).
6What is the purpose of the AOA?
To govern the internal management of the company.
7Which document prevails in case of a conflict with the Companies Act?
The Companies Act overrides MOA/AOA.
8What is the Certificate of Incorporation?
A document issued by the Registrar of Companies (ROC) upon incorporation.
9What is the purpose of Section 8 under the Companies Act, 2013?
Formation of companies with charitable objects, such as NGOs.
10What is required within 30 days of incorporation under Section 12?
A registered office must be established.
11What does Section 13 of the Companies Act, 2013 deal with?
Alteration of the Memorandum of Association (MOA).
12What governs changes to the Articles of Association (AOA)?
Section 14 of the Companies Act, 2013.
13What does Section 23 of the Companies Act, 2013 define?
Methods of securities issuance: Public Offer or Private Placement.
14Which regulatory body oversees listed companies under Section 24?
SEBI (Securities and Exchange Board of India).
15What is the purpose of a prospectus under Section 26?
To specify content and format for public offers.
16What is mandatory for certain companies under Section 29?
Dematerialization of shares.
17What types of share capital are defined in Section 43?
Equity (with/without voting rights) and preference shares.
18What governs the rules for issuing and redeeming preference shares?
Section 55 of the Companies Act, 2013.
19What does Section 56 of the Companies Act, 2013 cover?
Transfer and transmission of shares.
20What does Section 68 regulate?
Rules for the buy-back of shares.
21What governs the acceptance of deposits by companies?
Sections 73–76 of the Companies Act, 2013.
22What does Section 77 mandate?
Registration of charges on company assets.
23What is the focus of Section 88 under the Companies Act, 2013?
Maintenance of statutory registers by the company.
24What is required for dividend declaration under Section 123?
Profit availability.
25What happens to unpaid dividends under Section 124?
They are transferred to the Investor Education and Protection Fund.
26What does Section 128 require companies to maintain?
Proper books of accounts.
27What is the purpose of reopening accounts under Section 130?
To correct material misstatements with approval from the Central Government.
28What is covered under Sections 139–147 of the Companies Act, 2013?
Appointment, rotation, and qualifications of auditors.
29What does Section 148 of the Companies Act, 2013 mandate?
Maintenance of cost records and appointment of cost auditors for specified industries.