What is the first stage in the process of company formation?

Quiz on Formation of Companies

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University
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Medium
Tashi RTC]
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Incorporation and Registration
Promotion of a Company
Filing of Articles
Commencement of Business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered a promoter in the context of company formation?
A government official
A person who brings a company into existence
A legal advisor
A shareholder
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must a promoter avoid according to their obligations?
Full Disclosure
Secret Profits
Making preliminary contracts
Acting in the Best Interest of the Company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What document is essential for a company to commence business?
Prospectus
Business License
Certificate of Commencement of Business
Articles of Incorporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required for the incorporation of a company?
A financial audit
A unique company name
A Certificate of Incorporation
A business plan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must the name of a private company include?
Incorporated
Pvt. Ltd
Company
Limited
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the legal position of a promoter?
A shareholder
An agent of the company
In a fiduciary position towards the company
A trustee of the company
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