Formation of a Company [Quiz]

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Quiz on forming a company (NCERT Class 11)

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NABIHA FARHEEN

India

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Formation of a Company [Quiz]

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Formation of a Company [Quiz]


Froggy Jumps Formation of a Company [Quiz]Online version Quiz on forming a company (NCERT Class 11) by NABIHA FARHEEN 1 Which document defines the company's name, registered office, liability, and capital? a Prospectus b Articles of Association c Memorandum of Association 2 What does "promotion" of a company mean? a Coming up with a business idea & taking initiative to start a business b Making the company bigger c Spreading information about the company or advertising. 3 Which document is issued to invite the public to subscribe for capital of the company? a Certificate of Incorporation b MOA c Prospectus 4 Which certificate is issued after successful incorporation of a company? a Certificate of Incorporation b Certificate of Commencement c Share Certificate 5 Who conceptualizes the idea of the company and undertakes its formation? a Directors b Promoters c Shareholders 6 which is the regulatory authority in our country? a SEBI b SBI c DIN 7 Minimum number of directors required for a private company in India? a 3 b 1 c 2 8 Which two documents are essential for forming a company? a Share Certificate and AOA b Memorandum of Association and Articles of Association c Prospectus and MOA 9 Who issues the certificate of incorporation? a Registrar of Companies b Minister of Corporate Affairs c Board of Directors 10 ___________ are contracts signed by promoters with third parties before the incorporation of company. a Preliminary Contracts b Provisional Contracts c Articles of Association 11 Which of the following is not a clause in the Memorandum of Association? (hint: first question of this quiz) a Dividend Clause b Capital Clause c Name Clause 12 The limit of minimum subscription as per SEBI guidelines is- a 66% b 90% c 89.88% 13 Which of the following is not required for incorporation? a Company Law Tribunal b SEBI c Reserve Bank of India 14 In which stage of formation does a public company apply for listing of its securities on a stock exchange? a Promotion b Incorporation c Capital Subscription 15 Which of the following statements about provisional contracts is correct? a They are signed after incorporation and commencement of business. b They are signed before incorporation of the company. c They are signed after incorporation but before the commencement of business. 16 Articles of Association are- a Subsidiary to the Memorandum of Association b Equal in authority to the Memorandum of Association c Mandatory for all public companies 17 The liability of members in a company limited by shares is limited to- a The total liabilities of the company b The total authorised capital c The unpaid amount on the shares they hold 18 Promotion of a company can be done by- a Any person, group, or even another company b Only shareholders after incorporation c The Registrar 19 In case of a public company, for the incorporation process, the The Memorandum of Association has to be signed by a The Promoters b 2-3 members c 7 members 20 A person forged the signatures of others on the Memorandum. The Incorporation is considered invalid. a True b False c

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Formation of a Company [Quiz]

Froggy Jumps

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Formation of a Company [Quiz]Online version

by NABIHA FARHEEN

Which document defines the company's name, registered office, liability, and capital?

What does "promotion" of a company mean?

Which document is issued to invite the public to subscribe for capital of the company?

Which certificate is issued after successful incorporation of a company?

Who conceptualizes the idea of the company and undertakes its formation?

which is the regulatory authority in our country?

Minimum number of directors required for a private company in India?

Which two documents are essential for forming a company?

Who issues the certificate of incorporation?

___________ are contracts signed by promoters with third parties before the incorporation of company.

Which of the following is not a clause in the Memorandum of Association? (hint: first question of this quiz)

The limit of minimum subscription as per SEBI guidelines is-

Which of the following is not required for incorporation?

In which stage of formation does a public company apply for listing of its securities on a stock exchange?

Which of the following statements about provisional contracts is correct?

Articles of Association are-

The liability of members in a company limited by shares is limited to-

Promotion of a company can be done by-

In case of a public company, for the incorporation process, the The Memorandum of Association has to be signed by

A person forged the signatures of others on the Memorandum. The Incorporation is considered invalid.