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True/False Answer Question: 'Articles of association' is the main document of a company. - Business Studies

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प्रश्न

True/False Answer Question:

'Articles of association' is the main document of a company.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

The statement is FALSE.
‘Articles of association’ is not the main document of the company. Rather, the most important document of a company is the memorandum of association.

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Formation of a Company
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Formation of a Company - True or False [पृष्ठ १८०]

APPEARS IN

एनसीईआरटी Business Studies [English] Class 11
अध्याय 7 Formation of a Company
True or False | Q 7 | पृष्ठ १८०

संबंधित प्रश्न

Choose the correct option for the following
Minimum number of members to form a private company is


Multiple Choice Question:

A proposed name of the Company is considered undesirable if


True/False Answer Question:

Statement in lieu of prospectus can be filed by a public company going for a public issue.


True/False Answer Question:

Every company must file Articles of Association


True/False Answer Question:

If a company suffers heavy issues and its assets are not enough to pay off its liabilities, the balance can be recovered from the private assets of its members.


Select the correct answer from the options given below and rewrite the statement:
___________ are the persons who undertake the process of formation of a company.


Select the correct answer from the options given below and rewrite the statement:
__________is a document which invites the public to buy the shares of a company. 


Match the pairs.

Group ‘A’ Group ‘B’
a) Minimum 7 members 1. Persons who conceive the idea of setting up a company
b) DIN 2. Public company
c) Preliminary contracts 3. Promoters
d) Fiduciary duties towards the company 4. Eight Digit alphanumeric number
e) CIN 5. Private company
  6. Unique number assigned to each Director
  7. ROC
  8. 21 digit alphanumeric code number
  9. One Person Company
  10. Contracts entered by Promoters with third parties

Write a word or a term or a phrase which can substitute the following statement.

Persons who undertake the necessary steps to set up a company.


Write a word or a term or a phrase which can substitute the following statement.

Term which refers to contracts entered into by Promoters with third parties on behalf of the proposed company;


State whether the following statement is True or False.

To form a Public company, there must be minimum 2 persons/promoters.


State whether the following statement is True or False.

Promoters are persons who take the necessary steps to set up a company.


State whether the following statement is True or False.

In India, companies have to be incorporated as per the provisions of Companies Act, 2013.


State whether the following statement is True or False.

ROC issues CIN only to certain companies.


Complete the sentence.

Promoters are the persons who undertake the process of _______.


Select the correct option form the given option:

Group A

Group B

RUN is used for

_______

Study the following case/situation and express your opinion.

 Mr. Talong with his 5 friends have submitted all the necessary documents for incorporation of TRIM private limited company.

a) How many minimum promoters are needed to incorporate a private company?

b) When can TRIM Private limited company be said to have come into existence.

c) Name the two most important documents that must be submitted at the time of the Incorporation of a company.


Study the following case/situation and express your opinion.

Sagar company limited got its Certificate of Incorporation on 1st Sept. 2018. The application for Incorporation was submitted on 16th Aug. 2018. There were 10 promoters who took the steps to incorporate the company.
  1. State the date on which Sagar company limited came into existence legally.
  2. On which date will the company get its Corporate Identity Number?
  3. How many minimum promoters are needed for incorporating a public company?

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