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प्रश्न
Answer in brief.
State the importance of a Certificate of Incorporation.
उत्तर
The importance of Certificate of Incorporation:-
(1) Birth Certificate of a Company: The Certificate of incorporation is similar to the birth certificate of the company. This is because the company comes into existence from the date of issuance of this certificate.
(2) Legal Person: After the incorporation and issue of a certificate of incorporation, a company becomes a legal or artificial person having a distinct personality from its members. Although it has no body, soul, and physical existence, still the company is recognised as a person in the eyes of law.
(3) Perpetual Succession: After the incorporation, a company becomes a body corporate having perpetual succession. It is created by the process of law and dissolved only by the process of law. Its existence and continuation are not affected by death, retirement, insanity or insolvency of its member or members. It has a long, stable and everlasting existence.
(4) Status: The company can sue other business entity or person for recovery of claims and can be sued upon by others in its own name.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement:
___________ Refers to contracts entered into by the promoters on behalf of a proposed company.
Explain the following term/concept.
Certificate of Incorporation
Explain the following term/concept.
SPICe.
Justify the following statement.
Every Company on incorporation gets a CIN
Justify the following statement.
Promoters play an important role in the formation of a company.
Answer the following question:
Explain briefly the steps involved in the incorporation of a company
