Formation of a Company

It is compulsory for a company to submit AOA.

• true

• false

__________________ is the most important clause in MOA.

• capital clause

• association clause

• objects clause

• registered office clause

Promoter provides ___________ names in the order of priority.

• two

• three

• four

• five

If the required outlay for the project is so large that it cannot easily be arranged within the available means, the project has to be given up. Whch aspect has been highlighted by aforesaid statement.

• Techincal feasibility
• Economic feasibility
• Financial feasibility
• Professional feasibility

When the Registrar is satisfied about the completion of formalities for registration, a …......... is issued to the company, which signifies the birth of the company

• Certificate of Incorporation

• Certificate of formation

• Certificate of promotion

• Certificate of commencement of business

Documents for registration were filed on 6th January. Certificate of Incorporation was issued on 8th January. But the date mentioned on the Certificate was 6th January. So the company came into existence on…........

• 6th January

• 16th January

• 8th January

• 18th January

…............ is an enterprise with only one person as a member which avails all the benefits of a private limited company such as separate legal entity, protecting personal assets from business liability and perpetual succession.

• One person company

• Sole Proprietorship

• Company

• Cooperative society

A prospectus is issued for:

• Inviting public for rising share capital
• Seeking permission to start business operations
• Inform public about the formation of the company
• Appointing Board of directors

A proposed name of Company is considered undesirable if:

• It is identical with the name of an existing company

• It resembles closely with the name of an exiting company

• It is an emblem of government in India, united nations etc.

• In case of any of the above

Application for approval of name of a company is to be made to:

• SEBI

• Registrar of Companies

• Government of India

• Company Law Board