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Question

Mark the following statements True or False:
(a) A private company must file a statement in lieu of prospectus.
(b) A company which does not want to prepare its own Articles of Association can adopt Table A.
(c) A company wanting to raise capital must issue a prospectus.
(d) A private company can start its business immediately after incorporation.
(e) Capital clause is a part of the Articles of Association.
(f) The Memorandum of Association defines the relationship of a company with or outsiders.
(g) Every company must issue a prospectus to raise share capital.
 

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Solution

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(a) True,private  company can issue a statement in lieu of prospectus. 
(b) True.
(c) True.
(d) True. 
(e) False, It is a part of Memorandum of Association. 
(f) True. 
(g) False, A public company can issue a statement in lieu of prospectus. 

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