Discussion
Select the correct option based on the statements and conclusions given below based on the Companies Act, 2013.
Assertion(A):- Provisions regarding Share Capital and Debentures have been discussed in Chapter IV of the Companies Act, 2013.
Reason(R):- Provision regarding Global depository receipt have been discussed in section 41 of the Companies Act, 2013.?
Answer: C
Both statements are correct, but the Reason is not the explanation of the Assertion, so the answer is both correct, R not the explanation of A. Chapter IV of the Companies Act, 2013 deals with share capital and debentures, and Section 41 deals with global depository receipts, which is a provision found within that chapter.
The Reason gives the location of one provision among many in the chapter and does not explain why the chapter is called share capital and debentures. The options calling either statement false, or treating the Reason as the explanation, are wrong.
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