Explanation: Section 3. Formation of company: (1) A Company may be formed for any lawful purpose by: (a) seven or more persons, where the company to be formed is to be a public company; (b) two or more persons, where the company to be formed is to be a private company; or (c) One Person, where the company to be formed is to be One Person Company that is to say, a private company, by subscribing their names or his name to a memorandum and complying with the requirements of this Act in respect of registration.
Which of the following statements about operational risk are correct?
I. It is associated with internal company procedures, people, and systems.<...
Who has issued the guidelines on the import of gold by Tariff Rate Quota (TRQ) holders under the India-UAE Comprehensive Economic Partnership Agreement ...
According to sources, what is the value of the investment tied with the trade agreement between India and the four-member European Free Trade Associatio...
Which of the following is a unique feature of GIFT City?
1)It is India's first smart city.
2)It has an integrated township with residentia...
How would you describe the likely characteristics of a manager who utilizes the Achievement-Oriented leadership style?
Animesh enters into a short position in a forward contract where the forward price is Rs.25 and spot price at maturity is Rs.30. What will be Animesh’...
According to the provisions of the Companies Act for issuing a red herring prospectus, which of the following statements is correct?
Which of the following is one of the objectives of RBI’s Retail Direct Scheme?
In a move to enhance security, integrity and privacy of financial sector data and bring transparency on fintechs in the country, the Reserve Bank of Ind...
According to the Union Budget 2023-24, consider the following statements.
1. Government has recently launched the Aspirational Blocks Programme...
