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Concept Maps

Formation of a Company — Concept Maps

ICSE · Class 11 · Commerce

4 concept maps of Formation of a Company for ICSE Class 11 Commerce, each also written out as a text outline. Part of the ICSE Class 11 Commerce syllabus.

45 questions32 flashcards5 concepts

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4 Concept Maps

Flowchart showing the capital subscription process and the critical minimum subscription requirement

Flowchart showing the capital subscription process and the critical minimum subscription requirement

The map in words

  • Public Company Incorporated
    • Prepare Prospectus
      • Issue Prospectus to Public
        • Collect Applications & Payments
          • Minimum Subscription\nReceived?
            • Yes Rs. 5L+: Pass Allotment Resolution
              • Allot Shares to Applicants
                • Issue Share Certificates
                  • File Return of Allotment
                    • Ready for Commencement Stage
            • No in 120 days: Refund All Money
              • Company Dissolution

Flowchart comparing the commencement requirements for private versus public companies

Flowchart comparing the commencement requirements for private versus public companies

The map in words

  • Company Incorporated
    • Company Type?
      • Private: Can Commence Business Immediately
        • ✓ Can Commence Business
      • Public: Must Obtain Certificate of Commencement
        • Issued Prospectus?
          • Yes: Conditions A
            • Min. Subscription Rs. 5L
            • Directors paid for shares
            • No refund liability
            • Statutory Declaration
              • 📜 Certificate of Commencement
          • No: Conditions B
            • Statement-in-lieu issued
            • Directors paid for shares
            • Statutory Declaration

Flowchart comparing the commencement requirements for private versus public companies

Flowchart comparing the commencement requirements for private versus public companies

The map in words

  • Company Incorporated
    • Company Type?
      • Private: Can Commence Business Immediately
        • ✓ Can Commence Business
      • Public: Must Obtain Certificate of Commencement
        • Issued Prospectus?
          • Yes: Conditions A
            • Min. Subscription Rs. 5L
            • Directors paid for shares
            • No refund liability
            • Statutory Declaration
              • 📜 Certificate of Commencement
          • No: Conditions B
            • Statement-in-lieu issued
            • Directors paid for shares
            • Statutory Declaration

Formation of a Company

Formation of a Company

The map in words

  • Formation of a Company
    • Stages in formation
    • Promotion
    • Incorporation
    • Floatation or Capital Subscription
    • Commencement of Business
    • Basic documents of a company
    • Memorandum of Association
    • Articles of Association

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Frequently Asked Questions

What are the important topics in Formation of a Company for ICSE Class 11 Commerce?
Key topics in Formation of a Company include Stages in the Formation of a Company, Promotion and the Promoter, Incorporation or Registration of a Company, Floatation or Capital Subscription. Study these first, then practise questions on each for Class 11 exams.
What do the concept maps for Formation of a Company show?
The 4 maps show how the ideas in Formation of a Company connect: Flowchart showing the capital subscription process and the critical minimum subscription requirement; Flowchart comparing the commencement requirements for private versus public companies. Each map is also written out as an outline on this page.
How should I revise Formation of a Company for Class 11 exams?
Learn the core ideas first, then work through the 45 practice questions on Formation of a Company. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Formation of a Company

All ICSE Class 11 Commerce Concept Maps

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