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Question
Select the correct answer from the options given below and rewrite the statement:
A company is __________.
Options
a human being
an artificial person created by law
an natural individual
Solution
A company is an artificial person created by law
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Statement in lieu of prospectus can be filed by a public company going for a public issue.
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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.
Name the stages in the formation of a company.
Discuss the stages of the formation of a 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
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.
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.
A company can be registered even without submitting Memorandum of Association and Articles of Association.
State whether the following statement is True or False.
All companies need Certificate of Incorporation.
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 ______.
Select the correct option form the given option:
|
Group A |
Group B |
|
Promoters |
________ |
Select the correct option form the given option:
|
Group A |
Group B |
|
CIN |
_______ |
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.
