Case Study

Five friends namely Manas, Manav, Manasvi, Manpreet and Mavinder completed their graduation and have different career plans. Manpreet and Mavinder are childhood friends and know each other very well. Seeing the potential of solar energy in India, they started a firm, Man Solar, where they both started a manufacturing plant of solar panels.

Manav and Manasvi were both inclined towards computer science and formed a company named Man Labs Technologies Pvt. Ltd. where they both did research on Artificial Intelligence and soon started exporting their softwares to US and Europe.

Manas started with a departmental store named Man Daily Needs in the locality where he stayed with growing demand and profit, he plans to expand this business in future. Ile is of the view that one man control is best in the world, if that man is big enough to manage everything.

The scope of the company form of organisation is determined by:

(A) The Companies Act 2013

(B) Memorandum of Association

(C) Articles of Association

(D) Public company

Choose the correct answer from the options given below:

(A), (B), (C) Only

The correct answer is option (4) - (A), (B), (C) Only