Test: Concept of State and Nation- 2 - Humanities/Arts MCQ

Annual General Meeting (AGM) is an annual or yearly meting held to present detailed information of company's performance. According to the law the interval between two annual general meetings should not be more than 15 months which means that A.G.M should be held annually and the interval should not be more than 15 months.  

True, statutory meeting is the first meeting of the shareholders of a company. It must be held within a period of less than one month not more than six months from the date at which the company is entitled to the commencement of business it is only held once in a lifetime of a company.

Inspiration from the Constitution of U.S.A
 

• Judicial review is the power of the judiciary to review the actions of the executive and legislative branches of government to determine whether they are constitutional.


• This concept was first introduced in the United States by Chief Justice John Marshall in the landmark case of Marbury v. Madison in 1803.


• In this case, Marshall established the principle of judicial review, stating that the Supreme Court has the authority to declare laws unconstitutional.


• The framers of the Indian Constitution were inspired by the American system of judicial review and incorporated it into the Indian legal system.


• Article 13 of the Indian Constitution empowers the judiciary to strike down any law that is found to be in violation of the Constitution.