Question

A company is created by
a) Special Act of Parliament
b) Companies Act
c) Investors
d) Creditors
choose the correct option..❣️​

Answer 1

Answer:

YOUR ANSWER IS (b. Companies Act)

Answer 2

The correct answer is OPTION B: Companies Act.

• In India, the Corporations Act regulates the formation of companies, their responsibilities, directors, and their dissolution.
• Following presidential approval, the Act replaced the Companies Act.
• The Companies Act, Section 1, became law. The Corporations Act was updated to incorporate 98 new sections, including a change to the maximum number of members for private companies from 50 to 200.
• With just 98 sections of the Act notified, this act adds the phrase "one-person company," which will be a private corporation.