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How many signatories to memorandum of as...

How many signatories to memorandum of association are required in case of private and public companies?

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There must be at least seven signatories in case of Public Ltd. Company and at least two in case of Private Ltd. Company.
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X' Ltd. was formed with a capital of Rs 15,00,000 divided into equity shares of Rs 10 each. Out of these 6,000 shares were issued to the vendors as fully paid as purchase consideration for a building acquired and 3,000 shares were issued to signatories to the Memorandum of Association as fully paid. The Directors offered 19,500 shares to the public and called up Rs 6 per share and received the entire called up amount on shares allotted. Prepare a Balance Sheet showing Share Capital as per Schedule III Part I of Companies Act, 2013 from the above transactions in the books of 'X' Ltd.

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SUBHASH DEY-FORMS OF BUSINESS ORGANISATIONS-Exercise (Very Short Answer Questions)
  1. Name the form of business enterprise where there is separation of owne...

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  2. Which form of business is the simplest form of business? Which form of...

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  3. Teachers of your school formed a society to buy land and construct fla...

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  4. Are partners by estoppel help liable for the debts of the firm?

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  5. In Private Ltd. Company can the allotment of shares be done without re...

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  6. Which certificate is called the birth certificate of the company?

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  7. It is an invitation to the public to apply for shares or debentures of...

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  8. How many signatories to memorandum of association are required in case...

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  9. Who are usually the first directors of the company

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  10. When does a company come into existence?

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  11. Name the document which autorises a public company to start its busine...

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  12. Name the document by which a company becomes a distinct legal entity.

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  13. What is Table A?

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  14. What is meant by a 'Statutory Declaration'?

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  15. Name and describe any two contents of the document containing the bye-...

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  16. Which form of business is suitable for following types of business and...

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  17. Name the following: 1. A person who lends his name and goodwill for ...

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  18. Name the documents to be submitted during the incorporation stage.

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  19. Name the following: (a) A person who lends his name and goodwill to ...

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  20. Name the type of cooperative society set up: (a) To help the small p...

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