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Questions and Answers
What is the function of a promoter in the formation of a company?
What is the function of a promoter in the formation of a company?
- Managing day-to-day operations
- Conceiving a business idea and taking initiative to form a company (correct)
- Approving the company name
- Selling shares to the public
What is the first stage in the formation of a company?
What is the first stage in the formation of a company?
- Commencement of business
- Promotion (correct)
- Capital subscription
- Incorporation
What does 'separate legal entity' mean in the context of a company?
What does 'separate legal entity' mean in the context of a company?
- The company has perpetual succession
- The company's legal status is independent of its members (correct)
- The company has unlimited liability
- The company can have multiple business names
What is the capital of a company divided into?
What is the capital of a company divided into?
What is one of the feasibility studies performed by the promoters in the formation of a company?
What is one of the feasibility studies performed by the promoters in the formation of a company?
Why does every company have to get its name approved from the registrar of companies?
Why does every company have to get its name approved from the registrar of companies?
What is the principal document of a company?
What is the principal document of a company?
What does MOA stand for in the context of company formation?
What does MOA stand for in the context of company formation?
Who appoints professionals like auditors and mercantile banks for a company?
Who appoints professionals like auditors and mercantile banks for a company?
What is the purpose of a prospectus in the context of raising funds for a company?
What is the purpose of a prospectus in the context of raising funds for a company?
Who is responsible for disclosing all material facts to SEBI in India?
Who is responsible for disclosing all material facts to SEBI in India?
Why is alteration in the Memorandum of Association possible?
Why is alteration in the Memorandum of Association possible?
What is the significance of the Doctrine of outdoor management in relation to a company's operations?
What is the significance of the Doctrine of outdoor management in relation to a company's operations?
Who signs the Memorandum of Association in the case of a private company?
Who signs the Memorandum of Association in the case of a private company?
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