Write notes on the following :

a) Prospectus

b) Statement in lieu of Prospectus

c) Minimum subscription

d) Registration of a cooperative society 

Can a public company commence business immediately after its incorporation? If not, what else has to be done before it can commence business?

List the documents which must be filed for the registration of a company. Explain briefly the importance of Memorandum and Articles of Association. 

Registration of firms is not compulsory, but it is considered desirable. Why?

No legal formality is required to launch a sole proprietary concern. Does it mean that the sole proprietor cannot be compelled to pay his business debts? 

Briefly describe the role of an entrepreneur in business promotion. How does an entrepreneur differ from a promoter? 

Explain 'innovation' and 'risk-bearing' in about 100 words each.

What do you understand by the term 'entrepreneurship'? State the important characteristics of an entrepreneur.

List the documents to be filled for registration of a company.