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State Whether the Following Statements are True or False.
Q. A single person can constitute a company.
  • a)
    True
  • b)
    False
Correct answer is option 'B'. Can you explain this answer?
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State Whether the Following Statements are True or False.Q.A single pe...


Legal Structure of a Company

  • False: A single person cannot constitute a company.




Explanation:

  • According to company laws, a company is a legal entity that is separate from its owners.
  • For a business to be considered a company, it must have at least two or more persons to form a company.
  • A single person cannot constitute a company because a company requires a minimum of two or more individuals to come together and form the company.
  • These individuals become shareholders or members of the company and are responsible for managing the company's affairs.
  • Therefore, the statement that a single person can constitute a company is false.


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State Whether the Following Statements are True or False.Q.A single pe...
A single person could not incorporate a Company previously. One Person Company (OPC) is a company incorporated by a single person. Before the enforcement of the Companies Act, 2013, a single person could not establish a company.
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Direction: Read the following text and answer the following questions on the basis of the same:Mr. Vikas Goel is an H.R. Manager of “Sanduja Furniture Private Limited.” At the beginning of the new year he anticipated that the company will need 30 new additional persons to fill up different vacancies. He gave an advertisement in the newspaper inviting applications for filling up different vacant posts. As many as 120 applications were received. The same were scrutinized. Out of these, conditions of 15 applicants were not acceptable to the company. Letters of regret, giving reasons, were sent to them. Remaining candidates were called for preliminary interview. The candidates called for were asked to fill up blank application forms. Thereafter, they were given four tests.The objective of the first test was to find out how much interest the applicant takes in his work.The objective of the second test was to find out ‘specialization’ of the applicant in any particular area.Third test aimed at making sure whether the applicant was capable of learning through training or not.The purpose of the fourth test was to find out how much capability a person has to mix-up with other persons, and whether he can influence other persons and get influenced by them.Q. “The purpose of the fourth test was too find out how much capability a person has to mix-up with other persons, and whether he can influence other persons and get influenced by them.” Which tests is indicated in this situation?

Direction: Read the following text and answer the following questions on the basis of the same:Mr. Vikas Goel is an H.R. Manager of “Sanduja Furniture Private Limited.” At the beginning of the new year he anticipated that the company will need 30 new additional persons to fill up different vacancies. He gave an advertisement in the newspaper inviting applications for filling up different vacant posts. As many as 120 applications were received. The same were scrutinized. Out of these, conditions of 15 applicants were not acceptable to the company. Letters of regret, giving reasons, were sent to them. Remaining candidates were called for preliminary interview. The candidates called for were asked to fill up blank application forms. Thereafter, they were given four tests.The objective of the first test was to find out how much interest the applicant takes in his work.The objective of the second test was to find out ‘specialization’ of the applicant in any particular area.Third test aimed at making sure whether the applicant was capable of learning through training or not.The purpose of the fourth test was to find out how much capability a person has to mix-up with other persons, and whether he can influence other persons and get influenced by them.Q. From the given lines, ‘Out of these, conditions of 15 applicants were not acceptable to the company. Letters of regret, giving reasons, were sent to them’. Which aspect of staffing is highlighted in the statement?

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State Whether the Following Statements are True or False.Q.A single person can constitute a company.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer?
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