Study the following case and express your opinion:

Mr. T along with his 5 friends have submitted all the necessary documents for incorporation of TRIM private limited company.

i. How many minimum promoters are needed to incorporate a private company?

ii. When can TRIM Private limited company be said to have come into existence?

iii. Name the two most important documents that must be submitted at the time of Incorporation of a company.

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1 Answers

i. Minimum 2 promoters/persons are needed to incorporate a private company.

ii. After getting Incorporating Certificate, TRIM Private limited company be said to have come into existence.

iii. There are various documents, which are needed for the Incorporation of a company like Memorandum of Association, Articles of Association, Director’s consent, etc.

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