Answer in detail.
1. Which resolutions were passed under the
Montagu-Chelmsford Reforms? 123
123
Answers
Answer:
Complete Analysis on Section 123 of Companies Act, 2013
After enactment of Companies Act, 2013, the concept of payment of dividend is very liberalized. This is because when we compare the provisions of Companies Act, 1956 with the provisions of Companies Act, 2013 various relaxations regarding payment of dividend are provided in Companies Ac, 2013 Act.
Explanation:
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Answer:
The Montagu–Chelmsford Reforms or more briefly known as Mont-Ford Reforms were reforms introduced by the colonial government in British India to introduce self-governing institutions gradually in India. The reforms take their name from Edwin Montagu, the Secretary of State for India during the latter parts of the First World War and Lord Chelmsford, Viceroy of India between 1916 and 1921. The reforms were outlined in the Montagu-Chelmsford Report prepared in 1918 and formed the basis of the Government of India Act 1919. These are related to constitutional reforms. Indian nationalists considered that the reforms did not go far enough while British conservatives were critical of them. The important features of this act were as follows:
1. The Imperial Legislative Council was now to consist of two houses- the Central Legislative Assembly and the Council of State.
2. The provinces were to follow the Dual Government System or Dyarchy.