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True/False Answer Question: Statement in lieu of prospectus can be filed by a public company going for a public issue.

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प्रश्न

True/False Answer Question:

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

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

The statement is False.
A public limited company inviting applications from the general public to subscribe to its shares or debentures is mandatorily required to file a prospectus with the Registrar of Companies. However, if a company is confident that it can raise funds through private sources i.e. through friends, relatives, or some private arrangements as done by a private company, then it may file a statement in lieu of prospectus with the Registrar of Companies at least three days before making the allotment.

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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 १७९]

APPEARS IN

एनसीईआरटी Business Studies [English] Class 11
अध्याय 7 Formation of a Company
True or False | Q 2 | पृष्ठ १७९

संबंधित प्रश्न

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


Multiple Choice Question:

A proposed name of the Company is considered undesirable if


Multiple Choice Question:

A prospectus is issued by


True/False Answer Question:

Every company must file Articles of Association


Name the stages in the formation of a company.


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:
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:
__________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. A 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.

The Birth Certificate of a company.


State whether the following statement is True or False.

A company is an artificial person.


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


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.

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.


Complete the sentence.

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


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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