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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

True/False Answer Question:

'Articles of association' is the main document 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:
___________ 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:
____________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. 


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.

Promoters can make secret profits while setting up a company.


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.

ROC issues CIN only to certain companies.


State whether the following statement is True or False.

All companies need Certificate of Commencement of business.


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

___________

Certificate of incorporation


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.


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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