Q.5 NARAYANA MURTHY, HE IS AN INDIAN IT INDUSTRY LIST AND THE CO FOUNDER OF
INFOSYS, A MULTINATIONAL CORPORATION PROVIDING BUSINESS CONSULTING,
TECHNOLOGY, ENGINEERING, AND OUTSOURCING SERVICES. MURTHY AND SIKH
SOFTWARE PROFESSIONALS FOUNDED IN FORCES IN 1981 WITH AN INITIAL CAPITAL
INVESTMENT OF RUPEES 10000, WHICH WAS PROVIDED BY HIS WIFE SUDHA MURTHY.
IDENTIFYAND EXPLAIN THE CONCEPTS WHICH ARE BEING HIGHLIGHTED IN THE GIVEN
PARAGRAPH IN CONTEXT OF ESTABLISHMENT OF THE COMPANY.
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Answers
Answer:
what is this what should we do now
Answer:
The major steps in formation of a company are as follows:
Promotion stage
Registration stage
Incorporation stage
Commencement of Business stage
Explanation:
Promotion Stage: Promotion is the first step in the formation of a company. In this phase, the idea of starting a business is converted into reality with the help of promoters of the business idea.
Registration stage: Registration stage is the second part of the formation process. In this stage, the company gets registered, which brings the company into existence.
Certificate of Incorporation: Certificate of incorporation is issued when the registrar is satisfied with the documents provided. This certificate validates the establishment of the company in the records.
Certificate of commencement of business: Certificate of commencement of business is required for a public company to start doing business, while a private company can start business once it has received the certificate of incorporation.