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State whether the following statement is True or False. A company is an artificial person. - Secretarial Practice

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Question

State whether the following statement is True or False.

A company is an artificial person.

Options

  • True

  • False

MCQ
True or False
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Solution

True

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Formation of a Company
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Chapter 3: Formation of a company - Exercise Q.1 [Page 45]

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Balbharati Secretarial Practice [English] 11 Standard Maharashtra State Board
Chapter 3 Formation of a company
Exercise Q.1 | Q 4.01 | Page 45

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Term which refers to contracts entered into by Promoters with third parties on behalf of the proposed company;


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Promoters are persons who take the necessary steps to set up a company.


State whether the following statement is True or False.

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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.
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Answer in brief.

State the contents of Certificate of Incorporation


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