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Question
Answer in brief.
State the contents of Certificate of Incorporation
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Solution
The contents of the certificate of incorporation:
(1) The name of the company: Under this head, the Registrar of Companies (ROC) writes the name of the incorporated company approved by the Central Registration Centre (CRC).
(2) The date of issue: Under this head, the date on which ROC issues Certificate of Incorporation is mentioned.
(3) Corporate Identity Number (CIN): In this column 21 digit alpha numeric code called Corporate Identity Number (CIN) is mentioned. It is unique identity number allotted to each incorporated company.
(4) PAN and TAN of the company: Under this head, Permanent Account Number (PAN) issued by the Income T ax Department to the company is mentioned. PAN consists of 10 digit alpha numeric code. Below PAN, Tax Deduction and Collection Account Number (TAN) issued by the Income Tax Department to the company is mentioned. It consists of 10 digit alpha numeric code.
(5) Signature of Registrar with date and his seal: Under this head, Registrar of the companies put his signature with date and seal of Registrar. It is usually in the form of name, either in full or part or in contracted form. The signature of Registrar makes the certificate of incorporation authentic and a piece of legal evidence.
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___________ are the persons who undertake the process of formation of a company.
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| Group ‘A’ | Group ‘B’ |
| a) Minimum 7 members | 1. Persons who conceive the idea of setting up a company. |
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| 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. |
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Term which means registering a company as per provisions of Companies Act, 2013
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The Birth Certificate of a company.
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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.
In India, companies have to be incorporated as per the provisions of Companies Act, 2013.
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Every Director has to quote his DIN while giving his consent to be a Director of a company.
Find the odd one.
Complete the sentence.
Promoters are the persons who undertake the process of _______.
Select the correct option form the given option:
|
Group A |
Group B |
|
Promoters |
________ |
Select the correct option form the given option:
|
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|
RUN is used for |
_______ |
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. |
- State the date on which Sagar company limited came into existence legally.
- On which date will the company get its Corporate Identity Number?
- How many minimum promoters are needed for incorporating a public company?
