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Chapter 7 Formation of a Company Business Studies Worksheet for Class 11
Class 11 Business Studies students should refer to the following printable worksheet in Pdf in Class 11. This test paper with questions and solutions for Class 11 Business Studies will be very useful for tests and exams and help you to score better marks
Class 11 Business Studies Chapter 7 Formation of a Company Worksheet Pdf
Formation of A Company
1. Name the stages in the formation of a company.
2 What do you understand by `Qualification shares?
3. Explain the term `Minimum subscription ‘ .What is the limit of minimum subscription according to the Companies Act?
4. Who is a promoter?
5. ABC Ltd. invited general public to subscribe for its public issue of Rs.10 crores through issue of prospectus. It received applications for Rs.45 lakhs shares. Can the company proceed with allotment of shares?
6 At which stage in the formation of a company does it interact with SEBI?
7 Who are the first directors of the company?
II Answer in 50-75 words
8. Write a short note on “Statement in lieu of prospectus”.
9. Is it necessary for every company to have its own Articles of Association?
10 What is the role of underwriters in the capital subscription stage of a public limited Company?
11. Is it necessary for every company to have its own Memorandum of Association?
12. List the main documents to be filed for incorporating a company.
13. Briefly explain the term “Return of Allotment”
14. Distinguish between “Preliminary contracts” and “provisional contracts”
III Answer in around 150 words
15. What is a prospectus? Is it necessary for every company to file a prospectus?
16. Explain the documents which a public company has to file with the registrar of companies before obtaining certificate to commence business.
17. What is the effect of conclusiveness of the Certificate of Incorporation and Commencement of Business?
18. Is it necessary for a public company to get its share listed on a stock exchange? What happens if a public company going for a public issue fails to apply t stock exchange for permission to deal in its securities or fails to get such permission?
19. Discuss the role/functions of promoters in the formation of a company
20. Distinguish between Memorandum of Association and Articles of Association
21. “Promoter is neither the trustee nor the agent of the company”. Comment.
IV Answer in around 200 words.
22. What is a Memorandum of Association? Briefly explain the various clauses of Memorandum of Association.
23. State and explain the steps required to raise funds from the public.-viz.-capital subscription by the company
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Chapter 7 Formation of a Company CBSE Class 11 Business Studies Worksheet
The above practice worksheet for Chapter 7 Formation of a Company has been designed as per the current syllabus for Class 11 Business Studies released by CBSE. Students studying in Class 11 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 11 Business Studies on a daily basis. All the latest practice worksheets with solutions have been developed for Business Studies by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 11 Business Studies students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 11 Business Studies to develop the Business Studies Class 11 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 11 Business Studies designed by our teachers. After solving these you should also refer to Class 11 Business Studies MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 11 Business Studies which you can use to further make yourself better in Business Studies.
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