Formation of a Company
In the NCERT Business Studies textbook for Class 11, Chapter 7 Formation of a Company, you learn how a company comes into existence as a separate legal entity. The chapter explains the stages of promotion, incorporation and capital subscription, and the roles of promoters in discovering ideas and completing formalities. You study key documents such as the memorandum and articles of association, the process of registration, certificate of incorporation, and raising funds through prospectus before the company can commence business.
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