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Question
Select the correct answer from the options given below and rewrite the statement:
A company is __________.
Options
a human being
an artificial person created by law
an natural individual
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Solution
A company is an artificial person created by law
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Every Director has to quote his DIN while giving his consent to be a Director of a company.
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All companies need Certificate of Commencement of business.
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On incorporation of a company, the ROC allots a unique identity number called as ______.
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|
Group A |
Group B |
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Promoters |
________ |
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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?
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?
