Practice free →
HomeLLMLawCorporate Law › 'Listed company' is defined under Section 2(52) …

'Listed company' is defined under Section 2(52) Companies Act 2013 as:

Aany company having a registered office in a metropolitan city in India (cf. Companies Act 2013, Section 2(52) (as amended 2020))
Bonly companies in which Government has more than 51 per cent shareholding equity (cf. Companies Act 2013, Section 2(52) (as amended 2020))
Cany company that has filed Form INC-20A within thirty days of incorporation (cf. Companies Act 2013, Section 2(52) (as amended 2020))
Da company which has any of its securities listed on any recognised stock exchange (with carve-outs notified by Central Government)
Answer & Solution
Correct answer: D. a company which has any of its securities listed on any recognised stock exchange (with carve-outs notified by Central Government)
1. Section 2(52) defines 'listed company': 'a company which has any of its securities listed on any recognised stock exchange'. 2. The Companies (Amendment) Act, 2020 inserted a PROVISO empowering Central Government to prescribe (in consultation with SEBI) classes of companies that shall not be considered 'listed' for the purposes of this Act. 3. Pursuant to this, the Companies (Specification of Definitions) Rules, 2014 (rule 2A inserted 2021) carved out: public companies listing debt only on private placement basis, public NBFCs listing debt only, etc. 4. Hence option B is correct. _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 2(52) (as amended 2020)_
Solve this in the app — LLM practice & 24k+ MCQs →
Related questions