Advertisements
Advertisements
Questions
To form a Public company, there must be minimum 2 persons/promoters.
A Public Limited Company should have a minimum number of two members. State True or False with reasons.
Options
True
False
Advertisements
Solution
The given statement is False.
Reasons:
A Public Limited Company must have a minimum of seven members, not two.
This is clearly stated under the Companies Act, 2013, which defines that: “A public company must have a minimum of 7 members and can have unlimited maximum members.”
Having only two members applies to a Private Limited Company, not a public one.
RELATED QUESTIONS
Choose the correct option for the following
Minimum number of members to form a private company is
Multiple Choice Question:
A proposed name of the Company is considered undesirable if
True/False Answer Question:
'Articles of association' is the main document of a company.
True/False Answer Question:
Every company must file Articles of Association
Select the correct answer from the options given below and rewrite the statement:
A company is __________.
Select the correct answer from the options given below and rewrite the statement:
__________is a document which invites the public to buy the shares of a company.
Write a word or a term or a phrase which can substitute the following statement.
Term which refers to contracts entered into by Promoters with third parties on behalf of the proposed company;
Write a word or a term or a phrase which can substitute the following statement.
The Birth Certificate of a company.
State whether the following statement is True or False.
Promoters are persons who take the necessary steps to set 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.
Find the odd one.
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:
|
Group A |
Group B |
|
Promoters |
________ |
Select the correct option form the given option:
|
Group A |
Group B |
|
CIN |
_______ |
Select the correct option form the given option:
|
Group A |
Group B |
|
RUN is used for |
_______ |
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?
