5 Questions
What is the main objective of this chapter?
The main objective of this chapter is to explain the formation of a company and the important stages and steps involved in the process.
Who is Avtar and what has he developed?
Avtar is a brilliant automobile engineer who has developed a new carburettor in his factory.
What is the purpose of Avtar evaluating different forms of organizations?
Avtar is evaluating different forms of organizations to determine the best option for manufacturing and marketing his new carburettor on a large scale.
What is the significance of a certificate of incorporation and certificate to commence business?
A certificate of incorporation is required to legally establish a company, while a certificate to commence business is needed to start actual operations.
What is the potential benefit of Avtar's new carburettor?
Avtar's new carburettor has the potential to reduce petrol consumption in car engines by 40 percent.
Test your knowledge on the formation of a company with this quiz. Learn about the important stages and steps involved in company formation, as well as the documents required to be submitted to the registrar of companies.
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