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

On behalf of a proposed company, preliminary contracts with third parties are entered by ______.

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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.

1. Can Mr. Ram, Mr. Sam, and Mr. Tom convert their partnership firm into a company?
2. Name 2 most important documents needed to incorporate a company.
3. Will Mr. Shah be considered as a Promoter of the Company? Why?

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.

1. State the date on which Sagar company limited came into existence legally.
2. On which date will the company get its Corporate Identity Number?
3. How many minimum promoters are needed for incorporating a public company?

Answer in brief.

State the contents of Certificate of Incorporation

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_______is a primary document of the company which contains the aims and objectives of the company.

______ describes the relationship between company and outsiders.

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The ______ Clause describes the range of activities a company can undertake

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Any act done by the company beyond the powers of Memorandum is called as _______.

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_________ acts are void or legally ineffective.

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_________ clause contains the details of liability of the members.

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_________ clause states the amount of Authorised capital with which the company is registered.

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_________ contains rules and regulations for internal management of the company

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Articles establishes relationship between company and ________.

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_______ is an invitation to the public to subscribe for the shares of the Company.

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For making multiple issues of shares within a year, a company can prepare a ________ Prospectus.