Company Law 06/03/2023

The promoter remain personally liable on a contract made on behalf of a company

• A. In existence

• B. Not in existence

• C. In commenced the business

• D. None of these

A person who does the necessary preliminary work incidental to the formation of a company is a.

• A. Register

• B. Innovator

• C. New entrepreneur

• D. Promoter

The first step in formation of a company is to

• A. Prepare memorandum of association

• B. Prepare prospects

• C. Prepare projects

• D. All of these

The legal status of a promoter is

• A. Creditor

• B. Lender

• C. Trustee

• D. Innovator

Registration of........is compulsory

• A. Sole proprietorship

• B. Partnership

• C. Joint stock companies

• D. Hindu joint company