A company can commence business after incorporation.

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Solution

The statement is FALSE.
Not every company can start its business after incorporation. It is only a private company that becomes a legal entity as soon as it is incorporated. Thus, only a private company can immediately commence its business after incorporation.

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Similar questions

Stages in the formation of a public company are in the following manner

(a) Promotion, Commencement of business, Incorporation, Capital Subscription

(b) Incorporation, Capital Subscription, Commencement of business, promotion

(d) Capital Subscription, Promotion, Incorporation, Commencement of Business

Preliminary Contracts are signed

(a) before the incorporation

(b) after incorporation but before capital subscription

(d) after commencement of business

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