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Discuss the stages of formation of a company. - Business Studies

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प्रश्न

Discuss the stages of the formation of a company.

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उत्तर

The following are stages of formation of a company:
a. Promotion of the company: The stage of promotion refers to the process of discovering the idea of the formation of a company and developing it into a concrete form. The stage starts when an individual or a group of individuals discovers an idea for a business that has the potential to be converted into a successful business opportunity.
b. Incorporation of the company as a separate legal entity: The stage of incorporation consists of applying for and obtaining the certificate of incorporation after which the company becomes a valid entity in the eyes of the law.
c. Subscription of capital in the form of shares and debentures: The stage of capital subscription involves raising capital from the public through the subscription of shares.
d. Commencement of business after the completion of the formalities mentioned above: This stage consists of the completion of the formalities and commencement of business by the company.

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Formation of a Company
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अध्याय 7: Formation of a Company - Long Answers [पृष्ठ १८०]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 7 Formation of a Company
Long Answers | Q 6 | पृष्ठ १८०

संबंधित प्रश्न

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A proposed name of the Company is considered undesirable if


Multiple Choice Question:

A prospectus is issued by


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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.


Name the stages in the formation of a company.


Select the correct answer from the options given below and rewrite the statement:
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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.


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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.

The Birth Certificate of a company.


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


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


Find the odd one.


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Select the correct option form the given option:

Group A

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Select the correct option form the given option:

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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.
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  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


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