2015 · Q101
Which one of the following statements about the Companies Act, 2013 is not correct?
General KnowledgeIndian Economy
- AThe Act regulates the corporate sector to make it accountable.
- BIt provides for Corporate Social Responsibility.
- CIt provides more opportunities for new entrepreneurs.
- DIt enables wide application of Information Technology.
Explanation
The Companies Act, 2013 does mandate Corporate Social Responsibility spending (Section 135), so B is true; it eases new entrepreneurship through devices like One Person Companies, so C is true; and it pushes e-governance through MCA21 electronic filing, so D is true. The official key treats A — the generic claim that the Act regulates the corporate sector to make it accountable — as the not-correct option, since it describes no operative feature of the Act. Hence A, per the official key.