1.

Mohit was born and brought up in Punjabi Bhag, Delhi. He wanted to start a garmentsmanufacturing unit in Rohini. His father suggested to go for Sole-proprietorship. But he wants to start a company. But his father did not approve of his idea, as according to him one person cannot open a company. But Mohit insisted that he wants to form a company by raising funds from public. i) Can Mohit form a company? ii) What kind of company can be formed by him? iii) What are the restrictions on the business carried on by these companies?​

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