What subject does section 12 of the Companies Act, 2013 principally regulate?
Question and options
What subject does section 12 of the Companies Act, 2013 principally regulate?
Reduction of share capital
Declaration of dividends
Maximum number of directors
Registered office of a company
Answer and explanation
Correct answer: D - Registered office of a company
Section 12 requires every company to have a registered office capable of receiving communications and regulates notice of its situation and any change in it. Reduction of capital falls under section 66, the maximum number of directors under section 149 and declaration of dividends under section 123.
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