CS Trainee Interview Questions and Answers

Incorporation involves registering a business as a legal entity separate from its owners.

• Choose a business name and check its availability

• File articles of incorporation with the state government

• Obtain necessary licenses and permits

• Create bylaws and appoint directors

• Issue stock certificates to shareholders

• Obtain an employer identification number (EIN)

• File annual reports and pay taxes

Sections 206-210 of the Companies Act pertain to restrictions on the purchase of own shares by a company.

• Section 206 prohibits a company from buying its own shares unless certain conditions are met.

• Section 207 outlines the exceptions to the prohibition in Section 206.

• Section 208 deals with the procedure for the purchase of own shares.

• Section 209 specifies the sources from which a company can make payments for the purchase of its own shares.

• Section 210 discusses the consequenc...read more