Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 3 - Formation of a company [Latest edition]

Select the correct answer from the options given below and rewrite the statement:
A company is __________.

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:
A_______ company needs minimum two or more members.

Select the correct answer from the options given below and rewrite the statement:
In a public company there must be minimum _________ or more members.

Select the correct answer from the options given below and rewrite the statement:
___________ Refers to contracts entered into by the promoters on behalf of a proposed company.

Select the correct answer from the options given below and rewrite the statement:
A director must have a ________ to be appointed as a director of a company 

Select the correct answer from the options given below and rewrite the statement:
____________has a 21 digit alpha numeric code which is unique number assigned to every company at the time of incorporation.

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.

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

Term which means registering a company as per provisions of Companies Act, 2013

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;

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

The Birth Certificate of a company.

State whether the following statement is True or False.

A company is an artificial person.

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.

Promoters can make secret profits while setting 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.

DSC is needed by Directors when they have to sign documents for e-filing.

State whether the following statement is True or False.

A company can be registered even without submitting Memorandum of Association and Articles of Association.

State whether the following statement is True or False.

Every Director has to quote his DIN while giving his consent to be a Director of a company.

State whether the following statement is True or False.

ROC issues CIN only to certain companies.

State whether the following statement is True or False.

All companies need Certificate of Incorporation.

State whether the following statement is True or False.

All companies need Certificate of Commencement of business.

Find the odd one.

Find the odd one.

Complete the sentence.

Promoters are the persons who undertake the process of _______.

Complete the sentence.

The document issued by the Registrar of companies when a company is incorporated is called as _______.

Complete the sentence.

On incorporation of a company, the ROC allots a unique identity number called as ______. 

Complete the sentence.

On behalf of a proposed company, preliminary contracts with third parties are entered by _______.

Select the correct option form the given option:

Select the correct option form the given option:

Select the correct option form the given option:

Select the correct option form the given option:

Answer in one sentence.
Who is promoters?

Answer in one sentence.
What is CIN?

Answer in one sentence.
Which company needs a Certificate of Commencement of Business?

Answer in one sentence.
What are the Preliminary Contracts?

Correct the underlined words and rewrite the following sentence.

ROC prepares draft Memorandum and Articles of Association.

Correct the underlined words and rewrite the following sentence.

Certificate of Commencement of Business is like a birth certificate of a company.

Arrange In Proper Order:

a) Appoint First Directors

b) Prepare Draft Memorandum of Association and Articles of Association.

c) Come up with the business idea

Arrange in Proper Order:

1. Incorporation of a company
2. Commencement of a company
3. Promotion

Explain the following term/concept.

Promoters

Explain the following term/concept.

Promotion

Explain the following term/concept.

Certificate of Incorporation

Explain the following term/concept.

SPICe.

Explain the following term/concept.

CIN

Study the following case/situation and express your opinion.

Mr. Ram, Mr. Sam, and Mr. Tom who are partners have come together to convert their business into a company. They have finalized all the details about the business they want to do, capital needed, etc. However, they do not know how to proceed with the legal formalities. Hence they appoint Mr. Shah who is a Practicing Company Secretary to help them prepare documents needed for incorporating the proposed company.

1. Can Mr. Ram, Mr. Sam, and Mr. Tom convert their partnership firm into a company?
2. Name 2 most important documents needed to incorporate a company.
3. Will Mr. Shah be considered as a Promoter of the Company? Why?

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.

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?

Answer in brief.

State the contents of Certificate of Incorporation

Answer in brief.

State the importance of a Certificate of Incorporation.

Answer in brief.

Write a note on - Role of Promote

Answer in brief.

Draw the flow chart of steps in the promotion of a company.

Justify the following statement.

Certificate of Incorporation is like a Birth Certificate of a company

Justify the following statement.

Every Company on incorporation gets a CIN

Justify the following statement.

Promoters play an important role in the formation of a company.

Answer the following question:

Explain briefly the steps involved in the incorporation of a company

Answer the following question:

Promoters play an important role in the formation of a company. - Explain.