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CS Executive · Company Law and Practice · Annual Report - Concepts

The Ministry of Corporate Affairs is preparing the general annual report on the working and administration of the Companies Act, 2013 for a particular year. Under Section 461, within what time must this report be laid before each House of Parliament?

The report must be laid before each House of Parliament within one year of the close of the year to which it relates. Section 461 sets this period for the general annual report on the working and administration of the Act, prepared by the Central Government.

  1. AWithin one year of the close of the year to which the report relatesCorrect
  2. BWithin three months of the close of the year to which the report relates
  3. CWithin six months of the close of the year to which the report relates
  4. DWithin thirty days of the close of the year to which the report relates

Explanation

Section 461 requires the Central Government to cause a general annual report on the working and administration of the Act to be prepared and laid before each House of Parliament within one year of the close of the year to which it relates. The three-month period belongs to the Section 394 report on Government companies, so it is not the answer.

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