Advertisements
Advertisements
Question
What is the meaning of the Certificate of Incorporation?
Solution
The certificate of incorporation is the certificate which specifies the birth of the company as a separate entity. A company legally comes into existence or becomes a separate legal entity on the date stated in its certificate of incorporation. For instance, if the certificate is issued on September 30 and the date mentioned on the certificate is September 27, then the company is said to exist since September 27 only. The certificate of incorporation acts as compelling confirmation of the regularity of the incorporation of the company even if there is any flaw in its registration process. A company can immediately commence its business once its certificate of incorporation is issued. Thus, the certificate of incorporation is conclusive evidence of the existence of a company.
APPEARS IN
RELATED QUESTIONS
Choose the correct option for the following
Application of approval of name of a company is to be made to
True/False Answer Question:
It is necessary to get every company incorporated, whether private or public.
True/False Answer Question:
A company can commence business after incorporation.
True/False Answer Question:
A company can ratify preliminary contracts after incorporation.
True/False Answer Question:
If a company is registered on the basis of fictitious names, its incorporation is invalid.
List the documents required for the incorporation of a company.
What is the 'Memorandum of Association'?
Briefly explain the clauses of 'Memorandum of Association'?
Distinguish between 'Memorandum of Association' and 'Articles of Association.'
