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Formation of a Company
What is the role of promoters in the formation of a company?

What is the role of promoters in the for | Class 11 Business Studies Chapter Formation of a Company, Formation of a Company NCERT Solutions

Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter Formation of a Company. This page offers a step-by-step solution to the specific question from Exercise 1: Extra Questions, Question 1: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.

Question 1:

What is the role of promoters in the formation of a company?

Answer:

Promoters are individuals or groups who play a pivotal role in the formation of a company. They conceive the business idea and take essential steps to establish the company, such as conducting feasibility studies, arranging necessary resources, and preparing crucial legal documents like the Memorandum of Association and Articles of Association. Additionally, promoters ensure compliance with all legal requirements to incorporate the company, acting as the driving force behind its creation.

Other Questions of Chapter Formation of a Company

Elaborate on the contents of the 'Memorandum of Association' and their significance.

Describe in detail the stages involved in the formation of a public company.

Explain the process of incorporation of a company.

What are the legal effects of the 'Certificate of Incorporation'?

Discuss the importance of the 'Articles of Association' in a company.

Analyze the significance of the 'Prospectus' in the formation of a public company.

What is the 'Certificate of Incorporation,' and why is it important?

Define 'Memorandum of Association' and its significance.

Popular questions of class 11 Business Studies

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List the major exports and imports in ancient India.

Define business. Describe its important characteristics.

State the different types of economic activities.

Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.

Evaluate the need for outsourcing and discuss its limitations.

Recently Viewed Questions of Class 11 Business Studies

Discuss the development of indigenous banking system in Indian subcontinent.

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Differentiate between a Private Limited Company and a Public Limited Company.

What are the advantages and limitations of a Partnership as a form of business organization?

List and briefly explain any two distinguishing features of a Joint Stock Company.

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Discuss the features of a Sole Proprietorship and its suitability for specific types of businesses.

Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

Read the question carefully and focus on the core concept being asked.
Reference examples and data from the chapter when answering questions about Formation of a Company.
Review previous year question papers to get an idea of how such questions may be framed in exams.
Practice answering questions within the time limit to improve your speed and accuracy.
Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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