Question

9: Aniket after doing his fashion designing course, started an export business in the form of a private company along with his uncles Mr. Manish and Mr. Rajnish. They helped him to assemble resources, prepare necessary documents, give a name and perform various other activities to get a company registered and obtain the necessary certificate enabling the company to commence business. Later on, he came to know that Mr. Manish had forged the signatures of Mr. Rajnish on the Memorandum of Association. He is now fearing that the Incorporation of the company will be considered invalid.

On the basis of the given information, answer the following questions:

(a) What will Aniket, Manish and Rajnish be called as?

(6) According to you, will the incorporation of the company be considered as invalid? Why or why not?​

Answer 1

Answer:

a. they are called as their uncles

6.yes incorporation of the company be consideted as invalid because they have forged their signatures

Answer 2

Answer:

(a) Aniket,Manish,Rajnish will be called as promoters.

(b) No, the incorporation of the company will not be considered as invalid because in case of private comany the singnature of two members is sufficient on the Memorandum of Association