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State whether the following statement is True or False. All companies need Certificate of Incorporation. - Secretarial Practice

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Question

State whether the following statement is True or False.

All companies need Certificate of Incorporation.

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 4.1 | Page 45

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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.

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  3. Will Mr. Shah be considered as a Promoter of the Company? Why?

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