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HSC Commerce: Marketing and Salesmanship 11th Standard - Maharashtra State Board Question Bank Solutions

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Write a word or a term or a phrase which can substitute the following statement: 

Document which states the limits within which a company has to operate.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Document which establishes company’s relationship with outsiders.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

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Write a word or a term or a phrase that can substitute the following statement:

The document is subordinate to the Memorandum of Association.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Document which contains rules and regulations for internal management.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

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Term used for acts beyond the scope of Memorandum of Association.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Clause which describes the main activities a company can undertake.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Clause which gives details of authorized capital or Registered Capital.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Clause which describes the extent of liability of members.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Last clause of Memorandum which contains name, signature, and other details of all the subscribers to the Memorandum.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Document which establishes relationship between a company and its members.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Document issued by public company inviting public to subscribe to its shares.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Prospectus attached with every share application form.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

Prospectus used for multiple issue of shares within a year.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

Write a word or a term or a phrase which can substitute the following statement:

It is an incomplete prospectus.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

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This prospectus does not contain information about the quantum of shares to be issued or the price at which shares will be issued.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

State whether the following statement is True or False:

Memorandum of Association and Articles of Association is prepared at the time of incorporation of a company.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

State whether the following statement is True or False:

Memorandum of Association describes the nature and character of the company.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

State whether the following statement is True or False:

Memorandum establishes the relationship between the Company and Members.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

State whether the following statement is True or False:

Any act done by the company beyond the powers of Memorandum is Ultra Vires.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined

State whether the following statement is True or False:

Articles of Association can have provisions that contradict the Memorandum.

[4] Documents Related to Formation of a Company
Chapter: [4] Documents Related to Formation of a Company
Concept: undefined >> undefined
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