Source: 2)b)i)2m,MDTP4, 2(b)(i)2m,MTP3,June2024, 5(b)(ii)2m,Dec20222 Marks
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Question Scenario

Explain listed company and unlisted company as per the provisions of the Companies Act, 2013.

Estimated Writing Time: 3 mins Try in Practice Mode

Suggested Answer

Listed company: As per the definition given in the section 2(52) of the Companies Act, 2013, it is a company which has any of its securities listed on any recognised stock exchange.\nProvided that such class of companies, which have listed or intend to list such class of securities, as may be prescribed in consultation with the Securities and Exchange Board, shall not be considered as listed companies.\nWhereas the word securities as per section 2(81) of the Companies Act, 2013 has been assigned the same meaning as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956.\nUnlisted company means company other than listed company.

Exam Strategy Tip

When answering law questions in the CA Foundation exam, follow the "Provision -> Facts -> Conclusion" structure for maximum marks. Ensure to state the relevant sections where applicable to earn bonus marks from the evaluator.

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