Select the correct answer from the options given below and rewrite the statements.

1) A company is………….. .
a) a human being    b) an artificial person created by law       c) an natural individual
Ans:- b) an artificial person created by law  

2) …………… are the persons who undertake the process of formation of a company.
a) Promoters b) Directors c) Registrar of companies
Ans:- a) Promoters 

3) A………….. company needs minimum two or more members.
a) Public    b) Private    c) One person Company
Ans:- b) Private 

4) In a public company there must be minimum …………… or more members.
a) one     b) two   c) seven
Ans:- c) seven

5) …………refers to contracts entered into by the promoters on behalf of a proposed
company.
a) Pre-incorporation / Preliminary contracts b) Fiduciary contracts
c) Memorandum of Association
Ans:- a) Pre-incorporation / Preliminary contracts 

6) A Director must have a …………. to be appointed as a Director of a company.
a) PAN   b) DIN    c) CIN
Ans:-  b) DIN 

7) …….. has 21 digit alpha numeric code which is a unique number assigned to every
company at the time of Incorporation.
a) DIN    b) PIN      c) CIN
Ans:- c) CIN

8) ……….. is a document which invites the public to buy the shares of a company.
a) Articles of Association b) Prospectus c) Certificate of Incorporation.
Ans:- b) Prospectus