State whether the following statements are True or False:i. A company

1.	State whether the following statements are True or False:i. A company is an artificial person.ii. To form a Public company, there must be minimum of 2 persons/promoters.iii. Promoters are persons who take the necessary steps to set up a company.iv. Promoters can make secret profits while setting up a company.v. In India, companies have to be incorporated as per the provisions of the Companies Act, 2013.
Answer» i. True ii. False iii. True iv. False v. True

State whether the following statements are True or False:i. A company is an artificial person.ii. To form a Public company, there must be minimum of 2 persons/promoters.iii. Promoters are persons who take the necessary steps to set up a company.iv. Promoters can make secret profits while setting up a company.v. In India, companies have to be incorporated as per the provisions of the Companies Act, 2013.

Answer»

i. True

ii. False

iii. True

iv. False

v. True