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Name the stages in the formation of a company. - Business Studies

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प्रश्न

Name the stages in the formation of a company.

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उत्तर

The formation of a company is a complex process which involves various stages. The following are the sequential stages.

(a) Promotion: This involves taking the initiative to form a company and promoting it.

(bIncorporation: This step involves the formation of the company as a separate legal entity.

(c) Subscription of capital: In this stage, funds are raised in the form of shares and debentures.

(d) Commencement of business: This stage implies the completion of the formalities and the commencement of business by the company.

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

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 7 Formation of a Company
Short Answers | Q 1 | पृष्ठ १८०

संबंधित प्रश्न

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


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;


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.

ROC issues CIN only to certain companies.


Find the odd one.


Find the odd one.


Complete the sentence.

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


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


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

_______

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.


Answer in brief.

State the contents of Certificate of Incorporation


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