Bissoy.com
Doctors Medicines MCQs Q&A

Consider the following statements regarding New Companies Act, 2013.
1. It replaced the Companies Act, 1956.
2. It has introduced concept of one person company.
3. It mandates corporate social responsibility for select class of companies.
Identify the correct statement.

Consider the following statements regarding New Companies Act, 2013.
1. It replaced the Companies Act, 1956.
2. It has introduced concept of one person company.
3. It mandates corporate social responsibility for select class of companies.
Identify the correct statement. Correct Answer All of the above

Related Questions

Where will Ram Nath Kovind present the National Corporate Social Responsibility Awards (NCSRA) to select companies for their outstanding contribution in area of Corporate Social Responsibility (CSR) in October 2019?
Assertion (A) Rules notified by the Ministry of Corporate Affairs (MCA) Section 149 of the Companies Act mandates that a listed company having a paid up share capital of Rs. 100 crore or more shall appoint at least one woman director on its board.
Reason (R) The corporate entities wanted to enhance gender equality and woman empowerment in corporate governance and company administration.
There are five classes class 1, class 2, class 3, class 4 and class 5 in a school. They are one above the other. Class 1 is at the bottom, then class 2 above it and so on. Five videos M1, M2, M3, M4 and M5 are displayed in these given classes. Only one video is displayed in a particular class. Each video is displayed only one time. Video M5 is displayed at an even numbered class. Video M2 is displayed at class 1. Video M1 is displayed at the class just below M5. Video M4 is not displayed at even numbered class. Which of the following statement is not correct?
With reference to the Corporate Social Responsibility (CSR), which of the statements is/are correct? 1. Companies Act 2014, introduces mandatory CSR. 2. Companies covered under this will have to spend at least one percent of their annual net-profit in the activities under CSR. Select the correct answer using the codes given below:
In the question below are given some statements followed by some conclusions based on those statements. Take the given statements to be true even if they seem to be at variance from commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements. Statement: For admission to MA (Social Work) course, the condition of prior experience in social work may be relaxed by the Admission Committee to the best candidates. Conclusion: I. Some students of MA (Social Work) will have prior experience of social work. II. Some MA (Social Work) students will not have prior experience in social work.
Assertion (A) Social audit has been defined as a commitment to systematic assessment of and reporting in some meaningful, definable domain of the company's activities that have social impacts.
Reason (R) The Companies Act, 2013 has accorded statutory recognition of the social responsibility of a corporate entity and gives option to provide a percentage of profit for the purpose as per discretion of the board.
Passage: The phenomenal rise of social media (SM) platforms such as Facebook, Twitter and others is proving to be a double-edged sword in the functioning of democracies. On the one hand, it has democratized access to information. On the other hand, it has concentrated power over that information with a handful of private companies, their billionaire owners, and certain ideologically committed activist groups. Statements: (A) Social media allow the democratisation of information and broader communication. (B) Social media bypass traditional curators of information like Journalists and PIB. (C) Social media reduce the cost of creating and disseminating information. Question: Which of the above statements weakens the argument that social media is desirable?
Corporate social responsibility that extends beyond legal mandates can help meet societal expectations in the absence of
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph. P: Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management.  Q: Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. R: Corporate governance is the system of rules, practices and processes by which a firm is directed and controlled. S: From action plans and internal controls to performance measurement and corporate disclosure.
Which of the following companies won the CII-ITC Sustainability Award 2020 in the ‘Corporate Excellence’ category in the Corporate Social Responsibility (CSR) domain?