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Question
State whether the following statement is True or False.
Promoters can make secret profits while setting up a company.
Options
True
False
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Solution
False
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Every company must file Articles of Association
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Select the correct answer from the options given below and rewrite the statement:
A company is __________.
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| Group ‘A’ | Group ‘B’ |
| a) Minimum 7 members | 1. Persons who conceive the idea of setting up a company. |
| b) DIN | 2. Public company |
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| e) CIN | 5. Private company |
| 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. |
To form a Public company, there must be minimum 2 persons/promoters.
State whether the following statement is True or False.
DSC is needed by Directors when they have to sign documents for e-filing.
State whether the following statement is True or False.
A company can be registered even without submitting Memorandum of Association and Articles of Association.
Find the odd one.
Complete the sentence.
Promoters are the persons who undertake the process of _______.
Complete the sentence.
The document issued by the Registrar of companies when a company is incorporated is called as _______.
Complete the sentence.
On incorporation of a company, the ROC allots a unique identity number called as ______.
Select the correct option form the given option:
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Group A |
Group B |
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Promoters |
________ |
Select the correct option form the given option:
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Group A |
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Certificate of incorporation |
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RUN is used for |
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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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Answer in brief.
State the contents of Certificate of Incorporation
