Which government body is responsible for establishing or designating Special Courts under the Companies Act, 2013?

The Chief Justice of the High Court

What is the qualification required for a person to be appointed as a judge of a Special Court?

A retired judge of the Supreme Court

A person holding office of a Sessions Judge or an Additional Sessions Judge

An officer from the Central Bureau of Investigation (CBI)

In which court are all offences under the Companies Act, 2013 triable?

Special Court established for the area of the company's registered office

Which of the following offences may be tried by a Special Court in a summary way?

Offences punishable with imprisonment up to 7 years

Offences punishable with imprisonment up to 5 years

Offences punishable with imprisonment up to 3 years

Offences punishable with life imprisonment

In case of government companies, who can file a complaint for offences committed under the Companies Act, 2013?

A person authorized by the Central Government

Who can file a complaint to take cognizance of an offence under the Companies Act, 2013 committed by a company or its officer?

Any individual residing in the area

Any lawyer practicing in the jurisdiction

What is the primary difference between mediation and conciliation?

Mediation involves the intervention of a third party in suggesting solutions, while conciliation only facilitates discussions.

Mediation involves arbitration, while conciliation involves negotiation.

Mediation focuses on business disputes, while conciliation is used for criminal cases.

Mediation is informal, while conciliation is a formal legal process.

Who has the power to appoint Company Prosecutors for the conduct of prosecutions arising out of the Companies Act, 2013?

The Chief Justice of the High Court

The respective State Governments

What is the purpose of the Compounding of Certain Offences under Section 441 of the Companies Act, 2013?

To provide immunity to companies from prosecution

To reduce the severity of punishments for offences

To allow individuals to avoid fines by settling outside of court

To allow companies to avoid prosecution by paying a specified sum

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