Formation of a company

Which of the following are the functions of a promoter?

• Appointment of professionals

• (b) Feasibility studies

• (c) Name approval

• (d) All of the above

Which of the following document is to be submitted for getting the company registered?

• Memorandum of Association

• (b) Articles of Association

• (c) Both a & b

• (d) None of the above

.________are neither the agents nor the trustees of the company

• Registrar

• (b) Registree

• (c) Promoters

• (d) Preliminary Contracts

Choose the correct steps for raising funds from the public.

(i) SEBI Approval

(ii) Minimum subscription

(iii) Appointment of brokers, bankers, underwriters

(iv) Application to the stock exchange

(v) Filing of the prospectus

(vi) Allotment of shares

• i>iii>iv>vi>ii>v

• b) i>ii>iii>iv>v>vi

• i

  c) i>vi>iv>iii>ii>v

• d) i>v>iii>ii>iv>vi

As per the SEBI guidelines, the minimum subscription has to be 90% of the shares to be issued to be public

• True

• (b) False

• (c) Partially true

• (d) Partially false

____defines relationship of the company with the outsiders

• Articles of Association

• (b) Memorandum of Association

• (c) Both (a) & (b)

• (d) None of the above

.Contracts signed by promoters with third parties before the incorporation of the company is called---

• Preliminary Contracts

• (b) Provisional Contracts

• (c) Memorandrum of Association

• (d) Articles of Association

Promoter is a person who---

• Who has been named as such in a prospectus

• (b) Who is identified by the company in the annual return referred to in section 92

• (c)Who has control over the affairs of the company, directly or indirectly  whether as a shareholder, director, or otherwise

• (d)All of the above

Different Clauses of Memorandum of Association are:

• Name clause

• (b) Objects Clause

• (c) Liability clause

• (d) All of the above

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

• 1. SEBI

• 2. Registrar of Companies

• 2. Government of India

• 2. Government of the State in which Company is to be registered