{"id":203197,"date":"2025-11-03T14:48:54","date_gmt":"2025-11-03T09:18:54","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=203197"},"modified":"2025-11-03T14:49:00","modified_gmt":"2025-11-03T09:19:00","slug":"companies-act-2013","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/","title":{"rendered":"The Companies Act, 2013, Important for SEBI, UGC NET, and Other Exams"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#Key_Features_of_Companies_Act_2013\" >Key Features of Companies Act 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#Important_Chapters_of_Companies_Act_2013_for_SEBI_Grade_A_General_Stream\" >Important Chapters of Companies Act 2013 for SEBI Grade A General Stream<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#Corporate_Governance_Under_the_Companies_Act_2013\" >Corporate Governance Under the Companies Act 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#5_Disclosure_Requirements\" >5. Disclosure Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#6_Audit_and_Financial_Transparency\" >6. Audit and Financial Transparency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#7_Protection_of_Minority_Shareholders\" >7. Protection of Minority Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#8_Prevention_of_Insider_Trading_and_Fraud\" >8. Prevention of Insider Trading and Fraud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#9_Corporate_Governance_in_Listed_Companies\" >9. Corporate Governance in Listed Companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#10_Enforcement_and_Compliance\" >10. Enforcement and Compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#Companies_Act_2013\" >Companies Act 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#Questions_based_on_Companies_Act_2013\" >Questions based on Companies Act 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The <strong>Companies Act 2013<\/strong> is a comprehensive legislation governing the formation, operation, and regulation of companies in India. Enacted to replace the <strong>Companies Act of 1956<\/strong>, it introduces modern practices for corporate governance and strengthens compliance frameworks. <\/p>\n\n\n\n<p>This Act addresses various aspects, including the incorporation of companies, roles of directors, auditing, and investor protection, making it crucial for students preparing for the SEBI Grade A exam, UGC NET Commerce exam, and other government job exams.<\/p>\n\n\n\n<p>Understanding the key provisions of the Companies Act, 2013, such as corporate social responsibility (CSR), directors&#8217; duties, and financial disclosures, is essential to grasp the evolving landscape of Indian corporate law. <\/p>\n\n\n\n<p>This guide focuses on the important sections and amendments of the Companies Act, 2013, aiding in conceptual clarity for aspirants preparing for various government job exams and the UGC NET Commerce paper.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Notification<\/strong><\/td><td><strong>Notification<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/ugc-net-notification\/?ref=contac-nai\" target=\"_blank\" rel=\"noreferrer noopener\">UGC NET Notification<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/sebi-grade-a-notification\/?ref=contac-nai\" target=\"_blank\" rel=\"noreferrer noopener\">SEBI Grade A Notification<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left\" id=\"h-key-features-of-companies-act-2013\"><span class=\"ez-toc-section\" id=\"Key_Features_of_Companies_Act_2013\"><\/span>Key Features of Companies Act 2013<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Key Features of the Companies Act, 2013 designed for both academic and practical relevance:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Companies Act 2013<\/strong> allows the formation of <strong>One Person Companies (OPC), <\/strong>enabling a single person to start and manage a company.<\/li>\n\n\n\n<li>It introduces the concept of<strong> Dormant Companies<\/strong>, which are companies that have not conducted any business for two consecutive years.<\/li>\n\n\n\n<li>The Act established the <strong>National Company Law Tribunal (NCLT),<\/strong> replacing the Company Law Board, to resolve disputes and issues related to companies.<\/li>\n\n\n\n<li>It mandates the creation of a <strong>Corporate Social Responsibility (CSR) <\/strong>committee for companies meeting certain profit criteria, requiring them to spend 2% of their average net profit on social welfare activities.<\/li>\n\n\n\n<li>Companies must have at least one <strong>Independent Director<\/strong> to ensure impartial decision-making and better governance.<\/li>\n\n\n\n<li>The Act promotes e-governance by allowing companies to file documents, conduct meetings, and vote online, improving efficiency.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-important-chapters-of-companies-act-2013-for-sebi-grade-a-general-stream\"><span class=\"ez-toc-section\" id=\"Important_Chapters_of_Companies_Act_2013_for_SEBI_Grade_A_General_Stream\"><\/span>Important Chapters of Companies Act 2013 for SEBI Grade A General Stream<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some of the important chapters covered under the Companies Act, 2013, that are important for aspirants appearing for the upcoming SEBI Grade A Exam (General Stream) are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Chapter Under Companies Act 2013<\/strong><\/td><td><strong>Chapter Under Companies Act 2013<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013-chapter-3\/?ref=contac-aib-hindi\" target=\"_blank\" rel=\"noreferrer noopener\">Chapter 3<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013-chapter-4\/?ref=contac-aib-hindi\" target=\"_blank\" rel=\"noreferrer noopener\">Chapter 4<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013-chapter-8\/?ref=contac-aib-hindi\" target=\"_blank\" rel=\"noreferrer noopener\">Chapter 8<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013-chapter-9\/?ref=contac-aib-hindi\" target=\"_blank\" rel=\"noreferrer noopener\">Chapter 9<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013-chapter-11\/?ref=contac-aib-hindi\" target=\"_blank\" rel=\"noreferrer noopener\">Chapter 11<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013-chapter-12\/?ref=contac-aib-hindi\" target=\"_blank\" rel=\"noreferrer noopener\">Chapter 12<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-corporate-governance-under-the-companies-act-2013\"><span class=\"ez-toc-section\" id=\"Corporate_Governance_Under_the_Companies_Act_2013\"><\/span>Corporate Governance Under the Companies Act 2013<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Corporate governance refers to the set of rules, practices, and processes by which companies are directed and controlled. The Companies Act, 2013 incorporates several provisions to strengthen corporate governance, ensuring transparency, fairness, and accountability in the management of companies.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong><a href=\"https:\/\/www.oliveboard.in\/sebi-grade-a-pyqs\/?ref=contss-sebi-pyq\" target=\"_blank\" rel=\"noreferrer noopener\">Download SEBI Grade A 350+ PYQs with Solutions PDF<\/a><\/strong><\/p>\n\n\n\n<p>Here are the key corporate governance provisions under the Companies Act, 2013:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-board-of-directors\">1. Board of Directors<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Composition: <\/strong>The Act mandates a specific composition of the Board of Directors for different types of companies, ensuring a balance of power and responsibility.<\/li>\n\n\n\n<li><strong>Independent Directors: <\/strong>\n<ul class=\"wp-block-list\">\n<li>Public companies (with specified criteria) are required to have at least one-third independent directors on their boards. <\/li>\n\n\n\n<li>Independent directors should not have any financial or familial relationship with the company to ensure impartial decision-making.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Women Directors:<\/strong> Certain classes of companies must have at least one woman director on their boards, promoting diversity.<\/li>\n\n\n\n<li><strong>Director\u2019s Responsibilities:<\/strong> Directors are legally responsible for the operations and performance of the company and must act in the best interest of stakeholders.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-board-committees\">2. Board Committees<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Act emphasizes the creation of specialized Board Committees to ensure efficient functioning and monitoring of key areas:\n<ul class=\"wp-block-list\">\n<li><strong>Audit Committee:<\/strong> Oversees financial reporting, internal controls, and the selection of auditors. Public companies are required to have an audit committee consisting of at least three directors, with a majority being independent.<\/li>\n\n\n\n<li><strong>Nomination and Remuneration Committee: <\/strong>This committee is responsible for selecting candidates for board positions and determining their remuneration.<\/li>\n\n\n\n<li><strong>Stakeholder Relationship Committee: <\/strong>Ensures proper redressal of investor grievances and complaints.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/test-series\/?ref=contac-nai-act\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free Mock Test Today!<\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-corporate-social-responsibility-csr\">3. Corporate Social Responsibility (CSR)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Act introduces the concept of CSR for companies meeting certain criteria. <\/li>\n\n\n\n<li>These companies are mandated to spend 2% of their average profits of the last three years on social welfare activities.<\/li>\n\n\n\n<li>CSR activities must align with the company&#8217;s commitment to the community and sustainable development.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-role-of-the-company-secretary\">4. Role of the Company Secretary<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Company Secretary is given a prominent role in corporate governance. <\/li>\n\n\n\n<li>They are responsible for ensuring compliance with legal and regulatory requirements and managing the company\u2019s internal governance processes.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-disclosure-requirements\"><span class=\"ez-toc-section\" id=\"5_Disclosure_Requirements\"><\/span>5. Disclosure Requirements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Companies are required to disclose various important information in their annual reports, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Financial statements.<\/li>\n\n\n\n<li>Corporate governance report.<\/li>\n\n\n\n<li>Management discussions and analysis.<\/li>\n\n\n\n<li>Enhanced transparency ensures that stakeholders, including investors, have access to reliable information about the company&#8217;s performance.<\/li>\n<\/ul>\n\n\n\n<p>Also Check:&nbsp;<a href=\"https:\/\/www.oliveboard.in\/upcoming-government-exams\/?ref=contac-acb\" target=\"_blank\" rel=\"noreferrer noopener\">What are the Upcoming Government Exams<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-audit-and-financial-transparency\"><span class=\"ez-toc-section\" id=\"6_Audit_and_Financial_Transparency\"><\/span>6. Audit and Financial Transparency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Auditor&#8217;s Report:<\/strong> The Act mandates a clear and transparent audit process. Companies must provide an auditor&#8217;s report on their financial status, ensuring stakeholders can trust the company\u2019s financial statements.<\/li>\n\n\n\n<li><strong>Auditor Rotation: <\/strong>The Act requires listed companies to rotate auditors periodically to maintain independence and objectivity in audits.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-protection-of-minority-shareholders\"><span class=\"ez-toc-section\" id=\"7_Protection_of_Minority_Shareholders\"><\/span>7. Protection of Minority Shareholders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Act protects the rights of minority shareholders by allowing them to challenge decisions they believe are detrimental to their interests.<\/li>\n\n\n\n<li>It provides provisions for class action suits, where shareholders can collectively approach the court to remedy grievances.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-8-prevention-of-insider-trading-and-fraud\"><span class=\"ez-toc-section\" id=\"8_Prevention_of_Insider_Trading_and_Fraud\"><\/span>8. Prevention of Insider Trading and Fraud<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Act ensures that companies adhere to ethical practices by prohibiting insider trading (trading based on confidential information).<\/li>\n\n\n\n<li>Strong penalties are imposed on those found guilty of financial fraud, misrepresentation, or malpractice.<\/li>\n<\/ul>\n\n\n\n<p><strong>Get ready to crack government job exams with leading educators<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/courses\/?ref=contac-nai-act\" target=\"_blank\" rel=\"noreferrer noopener\">Enroll in Online Live Classes Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-9-corporate-governance-in-listed-companies\"><span class=\"ez-toc-section\" id=\"9_Corporate_Governance_in_Listed_Companies\"><\/span>9. Corporate Governance in Listed Companies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Listed companies are bound by stringent corporate governance norms to maintain investor confidence. This includes maintaining independent audits, disclosure of material transactions, and the composition of the board.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-10-enforcement-and-compliance\"><span class=\"ez-toc-section\" id=\"10_Enforcement_and_Compliance\"><\/span>10. Enforcement and Compliance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>National Company Law Tribunal (NCLT)<\/strong> and <strong>National Company Law Appellate Tribunal (NCLAT) <\/strong>are empowered to take action against companies that do not adhere to corporate governance rules.<\/li>\n\n\n\n<li>Non-compliance with governance norms leads to penalties and legal action, ensuring that companies follow ethical and transparent practices.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-companies-act-2013\"><span class=\"ez-toc-section\" id=\"Companies_Act_2013\"><\/span>Companies Act 2013<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Companies Act, 2013 is a transformative piece of legislation that reshaped corporate governance in India by introducing provisions that promote transparency, accountability, and investor protection. It empowers businesses through concepts like One Person Companies (OPC), Corporate Social Responsibility (CSR), and mandatory independent directors, while ensuring greater financial transparency and compliance. <\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/previous-year-papers\/?ref=contac-aib-act\" target=\"_blank\" rel=\"noreferrer noopener\">Solve Free Previous Year Exam Papers Today!<\/a><\/div>\n<\/div>\n\n\n\n<p>The establishment of bodies like the National Company Law Tribunal (NCLT) facilitates quick dispute resolution, and mechanisms like auditor rotation and investor protection strengthen corporate governance. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-questions-based-on-companies-act-2013\"><span class=\"ez-toc-section\" id=\"Questions_based_on_Companies_Act_2013\"><\/span>Questions based on Companies Act 2013<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Q1. Which of the following is not a primary objective of the Companies Act, 2013?<br><\/strong>a) Enhancing corporate transparency<br>b) Promoting ethical business practices<br>c) Establishing a comprehensive taxation framework<br>d) Protecting investors&#8217; rights<\/p>\n\n\n\n<p><strong>Answer: c) Establishing a comprehensive taxation framework<\/strong><\/p>\n\n\n\n<p><strong>Q2. Which section of the Companies Act, 2013 deals with the provision of &#8220;Corporate Social Responsibility (CSR)&#8221;?<br><\/strong>a) Section 134<br>b) Section 135<br>c) Section 137<br>d) Section 138<\/p>\n\n\n\n<p><strong>Answer: b) Section 135<\/strong><\/p>\n\n\n\n<p><strong>Q3. What is the minimum capital requirement for a private company to be registered under the Companies Act, 2013?<br><\/strong>a) \u20b91,00,000<br>b) \u20b95,00,000<br>c) \u20b91,00,000 for public companies only<br>d) No minimum capital requirement<\/p>\n\n\n\n<p><strong>Answer: d) No minimum capital requirement<\/strong><\/p>\n\n\n\n<p><strong>Q4. Which tribunal is responsible for resolving corporate disputes under the Companies Act, 2013?<br><\/strong>a) Securities Appellate Tribunal (SAT)<br>b) National Company Law Tribunal (NCLT)<br>c) Central Government Tribunal (CGT)<br>d) Indian Corporate Law Tribunal (ICLT)<\/p>\n\n\n\n<p><strong>Answer: b) National Company Law Tribunal (NCLT)<\/strong><\/p>\n\n\n\n<p>Also Read: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/ugc-net-commerce-notes\/?ref=blog&amp;cont\" target=\"_blank\" rel=\"noreferrer noopener\">Get Free UGC NET Commerce Notes (Latest Pattern)<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/monetary-and-fiscal-policy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for monetary and fiscal policy commerce notes<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/foreign-exchange-management-act-fema\/\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for Foreign Exchange Management Act (FEMA), Study Notes<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/key-elements-of-business-environment-for-students\/\" target=\"_blank\" rel=\"noreferrer noopener\">Key Elements of Business Environment notes<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/what-is-fdi-and-fpi\/\" target=\"_blank\" rel=\"noreferrer noopener\">FDI and FPI study notes for UGC NET Commerce<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/reserve-bank-of-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">Role and Functions of the Reserve Bank of India (RBI)<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/balance-of-payments\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is Balance of Payments (BOP)?<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/financial-regulators-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">Financial Regulators in India<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1732535454847\"><strong class=\"schema-faq-question\">1. What is Corporate Social Responsibility (CSR) under the Companies Act, 2013?<\/strong> <p class=\"schema-faq-answer\">Ans: The Companies Act, 2013 mandates that companies with a net worth of \u20b9500 crore or more, turnover of \u20b91,000 crore or more, or net profit of \u20b95 crore or more must spend at least 2% of their average net profits of the last three years on CSR activities.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1732535544114\"><strong class=\"schema-faq-question\">2. What is the minimum number of directors required for a company under the Companies Act, 2013?<\/strong> <p class=\"schema-faq-answer\">Ans: The minimum number of directors required for a private company is 2, while a public company must have at least 3 directors.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1732535567178\"><strong class=\"schema-faq-question\">3. How does the Companies Act, 2013 protect investors?<\/strong> <p class=\"schema-faq-answer\">Ans: The Act enhances investor protection by ensuring disclosure of financial information, enforcing audit requirements, establishing whistleblower policies, and enabling class action suits for shareholders who suffer due to corporate misconduct.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1732535611536\"><strong class=\"schema-faq-question\">4. What is the minimum capital requirement for a private company under the Companies Act, 2013?<\/strong> <p class=\"schema-faq-answer\">Ans: There is no minimum capital requirement for registering a private company under the Companies Act, 2013. However, the company must have at least 2 members and 2 directors.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1732535742870\"><strong class=\"schema-faq-question\">5. What is the role of the National Company Law Tribunal (NCLT)?<\/strong> <p class=\"schema-faq-answer\">Ans: The National Company Law Tribunal (NCLT) is a quasi-judicial body established under the Companies Act, 2013, to resolve disputes and hear matters related to company law, including mergers, acquisitions, and liquidation cases.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ppb-exam-analysis-2026\/\">JAIIB PPB Exam Analysis 2026, 9th May All Shifts Review<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/hpscb-junior-clerk-syllabus\/\">HPSCB Junior Clerk Syllabus 2026, Check Exam Pattern<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/hpscb-junior-clerk-recruitment\/\">HPSCB Junior Clerk Recruitment 2026, Notification Out, 91 Vacancy<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/caiib-rural-banking-important-topics\/\">CAIIB Rural Banking Module-wise Important Topics<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-numerical-practice-quiz\/\">Attempt JAIIB AFM Numerical Practice Quiz and Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/important-reports-for-rbi-grade-b-2026\/\">Important Reports for RBI Grade B 2026, Downloadable PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The Companies Act 2013 is a comprehensive legislation governing the formation, operation, and regulation of companies in India. Enacted to<\/p>\n","protected":false},"author":50,"featured_media":231687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10236,10399,11846,16459],"tags":[16653,16656,16655,16657,16654],"class_list":["post-203197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-teaching-exams","category-ugc-net","category-ugc-net-teaching-exams","category-ugc-net-commerce-study-material","tag-companies-act-2013","tag-corporate-governance-india","tag-corporate-social-responsibility-csr","tag-indian-company-law","tag-one-person-company-opc","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Companies Act, 2013, Important for SEBI, UGC NET, &amp; Other Exams<\/title>\n<meta name=\"description\" content=\"Learn about the Companies Act 2013, its key provisions, corporate governance features, for SEBI Grade A, UGC NET Commerce and other exams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Companies Act, 2013, Important for SEBI, UGC NET, and Other Exams\" \/>\n<meta property=\"og:description\" content=\"The Companies Act 2013 is a comprehensive legislation governing the formation, operation, and regulation of companies in India. 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I'm a dedicated Government Job aspirant turned passionate writer &amp; content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exam categories like Regulatory Bodies, Banking, SSC, State PSCs, and more. I am on a mission to provide you with all the details you need, conveniently in one place. When I am not writing and marketing, you will find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535454847","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535454847","name":"1. What is Corporate Social Responsibility (CSR) under the Companies Act, 2013?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans: The Companies Act, 2013 mandates that companies with a net worth of \u20b9500 crore or more, turnover of \u20b91,000 crore or more, or net profit of \u20b95 crore or more must spend at least 2% of their average net profits of the last three years on CSR activities.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535544114","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535544114","name":"2. What is the minimum number of directors required for a company under the Companies Act, 2013?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans: The minimum number of directors required for a private company is 2, while a public company must have at least 3 directors.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535567178","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535567178","name":"3. How does the Companies Act, 2013 protect investors?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans: The Act enhances investor protection by ensuring disclosure of financial information, enforcing audit requirements, establishing whistleblower policies, and enabling class action suits for shareholders who suffer due to corporate misconduct.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535611536","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/companies-act-2013\/#faq-question-1732535611536","name":"4. What is the minimum capital requirement for a private company under the Companies Act, 2013?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans: There is no minimum capital requirement for registering a private company under the Companies Act, 2013. 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