State whether the following statements are True or False.
1) A company is an artificial person.
Ans:- True
2) To form a Public company, there must be minimum 2 persons/promoters.
Ans:- False
3) Promoters are persons who take the necessary steps to set up a company.
Ans:- True
4) Promoters can make secret profits while setting up a company.
Ans:- False
5) In India companies have to be incorporated as per the provisions of Companies Act, 2013.
Ans:- True
6) DSC is needed by Directors when they have to sign documents for e-filing.
Ans:- True
7) A company can be registered even without submitting Memorandum of Association and Articles of Association.
Ans:- False
8) Every Director has to quote his DIN while giving his consent to be a Director of a company.
Ans:- True
9) ROC issues CIN only to certain companies.
Ans:- False
10) All companies need Certificate of Incorporation.
Ans:- True
11) All companies need Certificate of Commencement of business.
Ans:- False