Key Acts and Regulations Governing Entrepreneurship in India — Practice Quiz
ICSE · Class 11 · Entrepreneurship
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Quick Quiz: Key Acts and Regulations Governing Entrepreneurship in India
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Which Act is the principal legislation regulating incorporation, administration, management and winding up of companies in India?
What status does a business acquire after registration under the Companies Act, 2013?
Under the Companies Act, 2013, how far are shareholders responsible for company debts?
Which provision was introduced for certain companies meeting prescribed financial thresholds?
Sample Questions
Which of the following is a purpose of the Companies Act, 2013?
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Ensuring transparency and accountability,Protecting investors and shareholders,Regulating the entire life cycle of a company
The Companies Act supports transparency, investor protection, and regulation from incorporation to winding up.
Which actions can a company do in its own name after registration under the Companies Act, 2013?
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Own property,Enter into contracts,Borrow money
A registered company can own property, make contracts, and borrow money in its own name.
Which law is meant to promote, develop and strengthen micro, small and medium enterprises?
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The MSMED Act, 2006
The MSMED Act, 2006 is the law that supports and strengthens MSMEs.
MSMEs must register online under which system to access government benefits?
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Udyam system
MSMEs must register online under the Udyam system to access government benefits.
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