11th Grade > Business Studies
FORMATION OF A COMPANY MCQs
:
A
It is seen in the AOA where the rules and regulations regarding the internal management are also known as the doctrine of indoor management.
:
A
Companies hire brokers to circulate the prospectus to the public.
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D
The Statutory Declaration is to be signed by a Chartered Accountant or a Company Secretary or a Cost Accountant and one of the directors.
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B
Identification of business opportunity refers to producing a new product or service, or an already existing product through a different channel.
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A
Memorandum of Association (MOA) is the main document of a company. It defines the objectives of the company.
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A
Private companies cannot raise funds from the public unlike public companies.
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A
A private company needs to mention 'Pvt. Ltd' after its name and a public company mentions only 'Ltd'.
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C
Incorporation is the stage which forms a company as a separate legal entity.
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C
Formation of a public company takes place in the order of promotion, corporation followed by capital subscription.
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A
This is mentioned in the capital clause of the MOA.