Arrange the following as per sections of the Companies Act, 2013, in descending order:
A. Execution of Bills of Exchange, etc.
B. Punishment in case of repeated default
C. Annual reports on Government Companies
D. Petition for winding up
E. Functions of Company Secretary

Correct option is B

The correct answer is : (b) B, C, D, E, A.

Explanation

To arrange these items in descending order (from the highest section number to the lowest), we must first identify the specific sections of the Companies Act, 2013 associated with each statement:

• B. Punishment in case of repeated default: Section 451

• C. Annual reports on Government Companies: Section 394

• D. Petition for winding up: Section 272

• E. Functions of Company Secretary: Section 205

• A. Execution of Bills of Exchange, etc.: Section 22

Arranging in Descending Order (High to Low):451 (B) → 394 (C) → 272 (D) → 205 (E) → 22 (A)

This gives us the sequence: B, C, D, E, A.

Information Booster

The Companies Act, 2013 is a comprehensive piece of legislation that governs the incorporation, responsibilities, and dissolution of companies in India. It replaced the older 1956 Act to bring in better transparency and corporate governance.

Breakdown of the Sections in the Question:

1. Section 451 (Punishment for Repeated Default): If a company or officer commits the same offence twice within a period of three years, they are liable to pay twice the amount of the fine provided for that offence.

2. Section 394 (Annual Reports on Government Companies): This requires the Central Government to prepare an annual report on the working and affairs of a Government company and place it before both Houses of Parliament.

3. Section 272 (Petition for Winding Up): This section specifies who has the right to file a petition for winding up a company before the National Company Law Tribunal (NCLT).

4. Section 205 (Functions of Company Secretary): It outlines the duties of a CS, which include reporting to the Board about compliance with the Act and ensuring the company complies with secretarial standards.

5. Section 22 (Execution of Bills of Exchange, etc.): Since a company is an artificial legal person, this section empowers the company to authorize individuals to sign deeds or financial instruments on its behalf.