Maharashtra State BoardHSC Commerce 11th
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Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board chapter 3 - Formation of a company [Latest edition]

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Secretarial Practice 11th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 3: Formation of a company

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Exercise Q.1 [Pages 43 - 46]

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board Chapter 3 Formation of a company Exercise Q.1 [Pages 43 - 46]

Exercise Q.1 | Q 1.1 | Page 43

Select the correct answer from the options given below and rewrite the statement:
A company is __________.

  • a human being

  • an artificial person created by law

  • an natural individual

Exercise Q.1 | Q 1.2 | Page 43

Select the correct answer from the options given below and rewrite the statement:
___________ are the persons who undertake the process of formation of a company.

  • Promoters

  • Directors

  • Registrar of companies

Exercise Q.1 | Q 1.3 | Page 44

Select the correct answer from the options given below and rewrite the statement:
A_______ company needs minimum two or more members.

  • Public

  • Private

  • One person Company

Exercise Q.1 | Q 1.3 | Page 44

Select the correct answer from the options given below and rewrite the statement:
In a public company there must be minimum _________ or more members.

  • one

  • two

  • seven

Exercise Q.1 | Q 1.5 | Page 44

Select the correct answer from the options given below and rewrite the statement:
___________ Refers to contracts entered into by the promoters on behalf of a proposed company.

  • pre-incorporation / preliminary contracts

  •  fiduciary contracts

  • memorandum of association.

Exercise Q.1 | Q 1.6 | Page 44

Select the correct answer from the options given below and rewrite the statement:
A director must have a ________ to be appointed as a director of a company 

  • PAN

  • DIN

  • CIN

Exercise Q.1 | Q 1.7 | Page 44

Select the correct answer from the options given below and rewrite the statement:
____________has a 21 digit alpha numeric code which is unique number assigned to every company at the time of incorporation.

  • PAN 

  • DIN

  • CIN

Exercise Q.1 | Q 1.8 | Page 44

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. 

  • articles of association

  • prospectus

  • certificate of incorporation

Exercise Q.1 | Q 2 | Page 44

Match the pairs.

Group ‘A’ Group ‘B’
a) Minimum 7 members 1. Persons who conceive the idea of setting up a company
b) DIN 2. Public company
c) Preliminary contracts 3. Promoters
d) Fiduciary duties towards the company 4. Eight Digit alphanumeric number
e) CIN 5. Private company
  6. Unique number assigned to each Director
  7. ROC
  8. 21 digit alphanumeric code number
  9. One Person Company
  10. Contracts entered by Promoters with third parties
Exercise Q.1 | Q 3.1 | Page 44

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

Term which means registering a company as per provisions of Companies Act, 2013

Exercise Q.1 | Q 3.2 | Page 44

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

Persons who undertake the necessary steps to set up a company.

Exercise Q.1 | Q 3.3 | Page 44

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;

Exercise Q.1 | Q 3.4 | Page 44

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

The Birth Certificate of a company.

Exercise Q.1 | Q 4.01 | Page 45

State whether the following statement is True or False.

A company is an artificial person.

  • True

  • False

Exercise Q.1 | Q 4.02 | Page 45

State whether the following statement is True or False.

To form a Public company, there must be minimum 2 persons/promoters.

  • True

  • False

Exercise Q.1 | Q 4.03 | Page 45

State whether the following statement is True or False.

Promoters are persons who take the necessary steps to set up a company.

  • True

  • False

Exercise Q.1 | Q 4.04 | Page 45

State whether the following statement is True or False.

Promoters can make secret profits while setting up a company.

  • True

  • False

Exercise Q.1 | Q 4.05 | Page 45

State whether the following statement is True or False.

In India, companies have to be incorporated as per the provisions of Companies Act, 2013.

  • True

  • False

Exercise Q.1 | Q 4.06 | Page 45

State whether the following statement is True or False.

DSC is needed by Directors when they have to sign documents for e-filing.

  • True

  • False

Exercise Q.1 | Q 4.07 | Page 45

State whether the following statement is True or False.

A company can be registered even without submitting Memorandum of Association and Articles of Association.

  • True

  • False

Exercise Q.1 | Q 4.08 | Page 45

State whether the following statement is True or False.

Every Director has to quote his DIN while giving his consent to be a Director of a company.

  • True

  • False

Exercise Q.1 | Q 4.09 | Page 45

State whether the following statement is True or False.

ROC issues CIN only to certain companies.

  • True

  • False

Exercise Q.1 | Q 4.1 | Page 45

State whether the following statement is True or False.

All companies need Certificate of Incorporation.

  • True

  • False

Exercise Q.1 | Q 4.11 | Page 45

State whether the following statement is True or False.

All companies need Certificate of Commencement of business.

  • True

  • False

Exercise Q.1 | Q 5.1 | Page 45

Find the odd one.

  • CIN

  • DIN

  • PAN

Exercise Q.1 | Q 5.2 | Page 45

Find the odd one.

  • Promotion

  • prospectus

  • Incorporation of a company

Exercise Q.1 | Q 6.1 | Page 45

Complete the sentence.

Promoters are the persons who undertake the process of _______.

Exercise Q.1 | Q 6.2 | Page 45

Complete the sentence.

The document issued by the Registrar of companies when a company is incorporated is called as _______.

Exercise Q.1 | Q 6.3 | Page 45

Complete the sentence.

On incorporation of a company, the ROC allots a unique identity number called as _______.

Exercise Q.1 | Q 6.4 | Page 45

Complete the sentence.

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

Exercise Q.1 | Q 7.1 | Page 45

Select the correct option form the given option:

Group A

Group B

Promoters

________

  • corporate Identity Number

  • Reserving name of a company

  • formation of a company

  • Birth certificate of a company

Exercise Q.1 | Q 7.2 | Page 45

Select the correct option form the given option:

Group A

Group B

___________

Certificate of incorporation

  • Corporate Identity Number

  • Reserving name of a company

  • Formation of a company

  • Birth certificate of a company

Exercise Q.1 | Q 7.3 | Page 45

Select the correct option form the given option:

Group A

Group B

CIN

_______
  • Corporate Identity Number

  • Reserving name of a company

  • Formation of a company

  • Birth certificate of a company

Exercise Q.1 | Q 7.4 | Page 45

Select the correct option form the given option:

Group A

Group B

RUN is used for

_______
  • Corporate Identity Number

  • Reserving name of a company

  • Formation of a company

  • Birth certificate of a company

Exercise Q.1 | Q 8.1 | Page 45

Answer in one sentence.
Who is promoters?

Exercise Q.1 | Q 8.2 | Page 45

Answer in one sentence.
What is CIN?

Exercise Q.1 | Q 8.3 | Page 46

Answer in one sentence.
Which company needs a Certificate of Commencement of Business?

Exercise Q.1 | Q 8.4 | Page 46

Answer in one sentence.
What are the Preliminary Contracts?

Exercise Q.1 | Q 9.1 | Page 46

Correct the underlined words and rewrite the following sentence.

ROC prepares draft Memorandum and Articles of Association.

Exercise Q.1 | Q 9.2 | Page 46

Correct the underlined words and rewrite the following sentence.

Certificate of Commencement of Business is like a birth certificate of a company.

Exercise Q.1 | Q 10.1 | Page 46

Arrange In Proper Order:

a) Appoint First Directors

b) Prepare Draft Memorandum of Association and Articles of Association.

c) Come up with the business idea

Exercise Q.1 | Q 10.2 | Page 46

Arrange In Proper Order:

a) Incorporation of a company

b) Commencement of a company

c) Promotion

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Exercise Q.2 [Page 46]

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board Chapter 3 Formation of a company Exercise Q.2 [Page 46]

Exercise Q.2 | Q 1 | Page 46

Explain the following term/concept.

Promoters

Exercise Q.2 | Q 2 | Page 46

Explain the following term/concept.

Promotion

Exercise Q.2 | Q 3 | Page 46

Explain the following term/concept.

Certificate of Incorporation

Exercise Q.2 | Q 4 | Page 46

Explain the following term/concept.

SPICe.

Exercise Q.2 | Q 5 | Page 46

Explain the following term/concept.

CIN

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Exercise Q.3 [Page 46]

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board Chapter 3 Formation of a company Exercise Q.3 [Page 46]

Exercise Q.3 | Q 1 | Page 46

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.

a) Can Mr. Ram, Mr. Sam, and Mr. Tom convert their partnership firm into a company?

b) Name 2 most important documents needed to incorporate a company.

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

Exercise Q.3 | Q 2 | Page 46

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.

Exercise Q.3 | Q 3 | Page 46

Study the following case/situation and express your opinion.

Sagar company limited got its Certificate of Incorporation on 1st Sept. 2018. The application for Incorporation was submitted on 16th Aug. 2018. There were 10 promoters who took the steps to incorporate the company.

a) State the date on which Sagar company limited came into existence legally?

b) On which date will the company get its Corporate Identity Number?

c) How many minimum promoters are needed for incorporating a public company?

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Exercise Q.4 [Page 47]

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board Chapter 3 Formation of a company Exercise Q.4 [Page 47]

Exercise Q.4 | Q 1 | Page 47

Answer in brief.

State the contents of Certificate of Incorporation

Exercise Q.4 | Q 2 | Page 47

Answer in brief.

State the importance of a Certificate of Incorporation.

Exercise Q.4 | Q 3 | Page 47

Answer in brief.

Write a note on - Role of Promote

Exercise Q.4 | Q 4 | Page 47

Answer in brief.

Draw the flow chart of steps in the promotion of a company.

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Exercise Q.5 [Page 47]

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board Chapter 3 Formation of a company Exercise Q.5 [Page 47]

Exercise Q.5 | Q 1 | Page 47

Justify the following statement.

Certificate of Incorporation is like a Birth Certificate of a company

Exercise Q.5 | Q 2 | Page 47

Justify the following statement.

Every Company on incorporation gets a CIN

Exercise Q.5 | Q 3 | Page 47

Justify the following statement.

Promoters play an important role in the formation of a company.

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Exercise Q.6 [Page 47]

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board Chapter 3 Formation of a company Exercise Q.6 [Page 47]

Exercise Q.6 | Q 1 | Page 47

Answer the following question:

Explain briefly the steps involved in the incorporation of a company

Exercise Q.6 | Q 2 | Page 47

Answer the following question:

Promoters play an important role in the formation of a company. - Explain.

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Chapter 3: Formation of a company

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Secretarial Practice 11th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board chapter 3 - Formation of a company

Balbharati solutions for Secretarial Practice 11th Standard HSC Maharashtra State Board chapter 3 (Formation of a company) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Secretarial Practice 11th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Secretarial Practice 11th Standard HSC Maharashtra State Board chapter 3 Formation of a company are Formation of a Company, Stages in the Formation of a Company, Promotion, Incorporation of a Company, Commencement of Business.

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