Quiz on Formation of Companies

Quiz on Formation of Companies

University

16 Qs

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Quiz on Formation of Companies

Quiz on Formation of Companies

Assessment

Quiz

Other

University

Medium

Created by

Tashi RTC]

Used 3+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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