Features of amendments to the Companies Act - General Economics & Indian Economy

Q.  Which of the following are features of amendments to the Companies Act

1. Removed limit for minimum capital required for formation
2. If a firm fails to repay the deposit or any interest it will be punishable with fine
3. All cases under the Companies Act cannot be tried by a special court and that only serious offenses will go to such courts

Which of the above statements is/are incorrect?
- Published on 07 May 15

a. 1,2
b. 2,3
c. 1,3
d. All

ANSWER: All

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