Returning from Texas, USA, in January 2025, after undergoing a six months' course in Sound Engineering and music production, Aditya fully learnt and…

CA Intermediate · Corporate and Other Laws · MTP · May 2026
Returning from Texas, USA, in January 2025, after undergoing a six months' course in Sound Engineering and music production, Aditya fully learnt and understood the nuances of music production; a skill which was always very close to his heart. He decided to open an audio-recording studio offering multi-lingual voice-over services, music composition, video post-production which is nothing but final phase of creation of videos where separate shots are assembled into a cohesive story and further, thought of providing services relating to other similar functions of creative nature. Initially, he undertook certain contracts as a sole proprietor and continued till mid of 2025. In the month of September 2025, in order to give his venture a structural shape, he thought of forming a private limited company with his parents, Lokendra Ji and Vandana Ji and some other relatives as well as certain trustworthy friends, who agreed to subscribe to the share capital of the company as shareholders. Accordingly, Aditya made an application for reservation of name through the web service available at www.mca.gov.in by using web service SPICe+ and by the first week of October 2025, he got incorporated SurSangam Studios Private Limited, a name which was approved by the jurisdictional Registrar of Companies. The Authorised and Paid-up Capital of the company was - 2,00,00,000 (divided into 20,00,000 equity shares of 10 each). Aditya was running his audio-recording studio from a rented hall and two adjacent rooms situated in a commercial place at Borivali East, Mumbai. He decided to designate it as Registered Office; and immediately after incorporation, he proceeded to file on behalf of SurSangam Studios Private Limited, the requisite form with the jurisdictional ROC to officially notify the jurisdictional Registrar of Companies about the location of the company's registered office which would be capable of receiving and acknowledging all communications and notices. For verification of Registered Office, he also attached the notarized copy of the rental agreement executed in favour of the company and a copy of rent paid receipt. Very soon, the Studio became a distinguished name in the realm of recording studio and became a trusted hub for musicians and artists speaking unparalleled recording services. The signboard outside his studio proudly displayed the name of his company as SurSangam Studios Private Limited. During the year, the company held regular Board and other meetings and and filed its Annual Return in compliance with the statutory requirements. On the basis of above facts and by applying applicable provisions of the Companies Act, 2013 and the applicable Rules therein, choose the correct answer (one out of four) of the following Multiple Choice Questions (of 2 marks each) given herein under:
(A) 20th October 2025
(B) 4th November 2025
(C) 4th December 2025
(D) 3rd January 2026

Suggested Answer and Working Notes:

Correct Answer: Option (B)

4th November 2025

Topics: The Foreign Exchange Management Act, 1999, Management & Administration

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