Business Studies

As per Companies Act $$2013$$, a company is -
A. Formed and registered under the Companies Act, $$2013$$
B. An existing company registered under any earlier Companies Act
Select the correct answer from the options given below.


ANSWER

A or B


SOLUTION
A company, which is incorporated under the relevant legislation of a foreign country, will not qualify as a company under the 2013 Act The proviso to section 2(71) states that “a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes.
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