Company Formation and CIN Concepts

The video tutorial by Saya Spiral on Magnet Dreams covers the formation of a company, detailing the legal procedures and stages involved, such as promotion, incorporation, capital subscription, and commencement of business. It explains the roles of the Ministry of Corporate Affairs (MCA) and the Registrar of Companies (ROC) in the process, and introduces the concept of a Corporate Identification Number (CIN). The tutorial aims to provide a comprehensive understanding of the company formation process as per the Companies Act 2013.

What is the first step a company must follow for its formation?

• Commencement of Business

• Capital Subscription

• Incorporation

• Promotion

Which act specifies the legal procedures for company formation in India?

• Business Act 2015

• Companies Act 2013

• Companies Act 1956

• Corporate Act 2000

What is the second stage in the formation of a company?

• Promotion

• Incorporation

• Capital Subscription

• Commencement of Business

Which stage involves the collection of capital from the public?

• Promotion

• Capital Subscription

• Incorporation

• Commencement of Business

What does ROC stand for?

• Registrar of Companies

• Registrar of Contracts

• Registrar of Commerce

• Registrar of Corporations

Which ministry oversees the ROC?

• Ministry of Finance

• Ministry of Commerce

• Ministry of Corporate Affairs

• Ministry of Business

What is the full form of CIN?

• Company Incorporation Number

• Corporate Incorporation Number

• Corporate Identification Number

• Company Identification Number

How many alphanumeric characters does a CIN have?

• 25

• 21

• 15

• 10

What document is issued after a company is incorporated?

• Certificate of Registration

• Certificate of Incorporation

• Certificate of Business

• Certificate of Commencement

Which stage marks the beginning of business operations?

• Promotion

• Incorporation

• Commencement of Business

• Capital Subscription