Which of the following are features of amendments to the Companies Act1. Removed limit for minimum capital required for formation2. If a firm fails to repay the deposit or any interest it will be punishable with fine3. All cases under the Companies Act cannot be tried by a special court and that only serious offenses will go to such courtsWhich of the above statements is/are incorrect?

For Competitive Exams

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?

1,2

2,3

1,3

All

Next Question

Consider the following statements
1. The Reserve Bank of India has asked all public sector banks, some private sector and foreign banks to appoint an internal ombudsman.
2. The internal ombudsman would be designated Chief Customer Service Officer (CCSO).
3. RBI has also made it clear that the CCSO should not have worked in the bank in which he/she is appointed as CCSO.
Which of the above statements are true?

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