Question

The present Indian companies Act of $1956$ is based upon ________.

• A. The provision of English Act, $1908$
• B. Indian Act, $1913$
• C. Both (A) and (B)
• D. Companies act, $1857$

Answer 1

The correct option is C Both (A) and (B)

The britishers firstly formed formed the East India Company in 1857. Later, they passed the provision of English Act in 1908 and Indian Act in 1913 which consisted of different provisions to be followed by the company. The provisions were the basis for the companies act, 1956 because they consisted of similar provisions as in the companies act, 1956.