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प्रश्न
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.
- Can Mr. Ram, Mr. Sam, and Mr. Tom convert their partnership firm into a company?
- Name 2 most important documents needed to incorporate a company.
- Will Mr. Shah be considered as a Promoter of the Company? Why?
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उत्तर
- Mr. Ram, Mr. Sam and Mr. Tom can convert their partnership firm into a company. They can convert their partnership firm into a Private Company as it needs a minimum of 2 promoters/persons.
- Memorandum of Association and Articles of Association are the 2 most important documents needed to incorporate a company.
- Mr. Shah will not be considered as promoter of the company. This is because Mr. Shah Who is a practicing Company Secretary only assists the partners (promoters) in completing the legal formalities in a professional capacity.
APPEARS IN
संबंधित प्रश्न
Choose the correct option for the following
Minimum number of members to form a public company is
True/False Answer Question:
'Articles of association' is the main document of a company.
Name the stages in the 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.
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;
State whether the following statement is True or False.
A company is an artificial person.
State whether the following statement is True or False.
In India, companies have to be incorporated as per the provisions of Companies Act, 2013.
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.
State whether the following statement is True or False.
All companies need Certificate of Commencement of business.
Find the odd one.
Complete the sentence.
Promoters are the persons who undertake the process of _______.
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. 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
