Question

Mohit was born and brought up in Punjabi Bagh , Delhi . he wanted to start a garments manufacturing unit in Rohini. His father suggested to go for sole proprietorship . But he was to start a company . But his father did not approve of his idea, as according to him one person cannot open a company . But Mohit insisted that he want to form a company by raising funds from public 1. Can mohit form a company ? 2. What kind of a company can be formed by him ? 3. Who are eligible to incorporate this kind of company ? 4. What are the restrictions on the business carried on by these companies

Answer 1

Answer:

His father suggested to go for sole proprietorship . But he was to start a company . But his father did not approve of his idea, as according to him one person cannot open a company . But Mohit insisted that he want to form a company by raising funds from public.

Explanation:

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Answer 2

Answer:

1.yes

2.. partnership or joint Hindu family business

4..in partnership only20 partner