Chapters
Chapter 2: Forms of Business Organisation
Chapter 3: Private, Public and Global Enterprises
Chapter 4: Business Services
Chapter 5: Emerging Modes of Business
Chapter 6: Social Responsibilities of Business and Business Ethics
Chapter 7: Formation of a Company
Chapter 8: Sources of Business Finance
Chapter 9: Small Business and Entrepreneurship
Chapter 10: Internal Trade
Chapter 11: International Business
Solutions for Chapter 7: Formation of a Company
Below listed, you can find solutions for Chapter 7 of CBSE NCERT for Class 11 Business Studies.
NCERT solutions for Class 11 Business Studies Chapter 7 Formation of a Company True or False [Pages 179 - 180]
True/False Answer Question:
It is necessary to get every company incorporated, whether private or public.
True
False
True/False Answer Question:
Statement in lieu of prospectus can be filed by a public company going for a public issue.
True
False
True/False Answer Question:
A company can commence business after incorporation.
True
False
True/False Answer Question:
Experts who help promoters in the promotion of a company is also called promoters.
True
False
True/False Answer Question:
A company can ratify preliminary contracts after incorporation.
True
False
True/False Answer Question:
If a company is registered on the basis of fictitious names, its incorporation is invalid.
True
False
True/False Answer Question:
'Articles of association' is the main document of a company.
True
False
True/False Answer Question:
Every company must file Articles of Association
True
False
True/False Answer Question:
If a company suffers heavy issues and its assets are not enough to pay off its liabilities, the balance can be recovered from the private assets of its members.
True
False
NCERT solutions for Class 11 Business Studies Chapter 7 Formation of a Company Short Answers [Page 180]
Name the stages in the formation of a company.
List the documents required for the incorporation of a company.
What is a prospectus? Is it necessary for every company to file a prospectus?
Briefly explain the term 'Return of Allotment'.
At which stage in the formation of a company does it interact with SEBI?
NCERT solutions for Class 11 Business Studies Chapter 7 Formation of a Company Long Answers [Page 180]
What is meant by the term ‘promotion’? Discuss the legal position of promoters with respect to a company promoted by them.
Explain the steps taken by promoters in the promotion of a company.
What is the 'Memorandum of Association'?
Briefly explain the clauses of 'Memorandum of Association'?
Distinguish between 'Memorandum of Association' and 'Articles of Association.'
What is the meaning of the Certificate of Incorporation?
Discuss the stages of the formation of a company.
Solutions for Chapter 7: Formation of a Company
NCERT solutions for Class 11 Business Studies chapter 7 - Formation of a Company
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Concepts covered in Class 11 Business Studies chapter 7 Formation of a Company are Formation of a Company, Introduction to Formation of a Company, Functions of a Promoter, Necessary Documents to Be Submitted for Company Formation, Promotion of a Company, Incorporation, Capital Subscription, Position of Promoters, Effect of the Certificate of Incorporation, Difference Between Memorandum of Association and Articles of Association.
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