Question

The term company is defined under which sec of the Act?

• A. Sec 3(1)
• B. Sec 4 (2)
• C. Sec 5 (4)
• D. Sec 1(3)

Answer 1

The correct option is A Sec 3(1)

As per the section 3(1) of the companies act:

(1) In this Act, unless the context otherwise requires, the expressions" company"," existing company"," private company" and" public company" shall, subject to the provisions of sub- section (2), have the meanings specified below:-

(i) " company" means a company formed and registered under this Act or an existing company as defined in clause (ii);

(ii) " existing company" means a company formed and register- ed under any of the previous companies laws.

Now these provisions are dealt by the Companies Act, 2013.