CBSE Class 11 Business Studies Chapter 7 : Formation of a Company Notes
CBSE Class 11 Business Studies Chapter 7 teaches students the principles of company formation. The chapter is divided into several sections, including an introduction to the topic, business formation, company promotion, promoter functions, articles of association, and paperwork required for company registration. The Class 11 Business Studies Chapter 7 notes are available for free download from CHK. Our topic specialists developed these notes to help students understand how a corporation is formed.
Students can obtain a solid understanding of the basics of company formation by reviewing the CBSE Class 11 Business Studies Chapter 7 Notes. The chapter covers all aspects of company formation, promotion, promoter functions, and the documentation required for company registration, among other things. Chapter 7 Notes by CHK are written by subject matter specialists in accordance with the most recent CBSE Syllabus.
Key Takeaways
- specify the important stages in the formation of a company;
- describe the steps involved in each stage of company formation;
- specify the documents to be submitted to the registrar of companies; and
- state the need of certificate of incorporation and certificate to commence business
CBSE Class 11 Business Studies Chapter 7 Notes PDF Download
The goal of the Chapter 7 Business Studies Notes PDF is to aid students in their exam preparation and help them ace it. Notes are available for students to download for free in PDF format.
Click Here to Download CBSE Class 11 Business Studies Chapter 7 : Formation of a Company Notes
Download free – Class 11 Business Studies Chapter 10 NCERT Handwritten Solution
FAQ
1. What do you mean by the formation of a company?
corporation formation refers to the process of registering or establishing a new corporation in accordance with state regulations. This is also known as the formation of a new corporation. After registering a corporation under a state’s rules, it becomes a legal entity owned by an individual or a group of individuals. Thus, it is privately owned. The government cannot intervene with their operations because they are not a government-owned company. Students can access study materials related to Business Studies Class 11 Chapter 7 through the CHK Commerce Classes app.
2. Who is a promoter of a company?
A corporate promoter is a person or organisation in charge of carrying out the preliminary steps required in the formation of a business. The promoter of a company engages in a variety of activities, including promotion, incorporation, flotation, and pushing individuals to invest in the company. All of these operations take place during the registration process for the company. Class 11 Business Studies Chapter 7 Formation of a Company notes provide a complete understanding of the promoters, allowing students to learn more easily and rapidly.
3. What is a memorandum of association?
The Memorandum of Association is one of the most important papers required for the foundation of a corporation. This document describes the purpose for which the company is being incorporated. The document outlines the company’s rights, advantages, and powers. It is responsible for determining the company’s interaction with outsiders. Students may struggle to understand every part of a memorandum of association, but with the Chapter 7 Business Studies Class 11 notes, they can quickly understand the document’s features and applications.
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