Company Formation

The main objective of this chapter is to explain the formation of a company and the important stages and steps involved in the process.

Avtar is a brilliant automobile engineer who has developed a new carburettor in his factory.

Avtar is evaluating different forms of organizations to determine the best option for manufacturing and marketing his new carburettor on a large scale.

<p>A certificate of incorporation is required to legally establish a company, while a certificate to commence business is needed to start actual operations.</p> Signup and view all the answers

<p>Avtar's new carburettor has the potential to reduce petrol consumption in car engines by 40 percent.</p> Signup and view all the answers