11th Grade > Business Studies
FORMATION OF A COMPANY MCQs
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D
Application to stock exchange precedes allotment of shares.
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The certificate of incorporation is the legal document that a company gets on the date of its formation.
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C
A company interacts with SEBI in the capital subscription stage as it is required to raise funds from the public through share subscription. SEBI ensures to protect the interest of shareholders. Thus it is necessary to get the approval of SEBI before going ahead with the capital subscription.
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A, C, and D
Registrar of Companies does an in-depth research to ensure that the submitted names are not copied, resemble an existing company or misleading from the actual business. Hence, options A, C, and D are the correct options.
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A
As per SEBI, application to be listed on stock exchange has to be done within 10 weeks of share subscription else it will be considered expired.
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B
It is compulsory to ensure all the documentation work goes smoothly. This can happen with a friend who is a professional or hiring a professional.
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D
The missing functions of a promoter in the given list are the appointment of professional, and preparation of necessary documents.
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C
The Statutory Declaration is the document which is considered to be the 'Terms and Conditions'.
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A
Samsung did an economic feasibility study to understand the profitability of the new release in the long run.
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A
The statutory declaration is a declaration that all the documents submitted and information shared is true to the best of the knowledge of the promoters.