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Business Studies

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A company whi...

Question

A company which can start a business after getting the certificate of incorporation is a ____________.

A

private company

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B

public company

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C

joint stock company

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D

none of these

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Solution

The correct option is A private company
After certificate of incorporation, a private company can start its business. Incorporation of a Joint stock company is compulsory. Without incorporation, all the contracts would be considered void in the eyes of law and operations of business cannot be carried out.

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Similar questions

Select the term or a phrase which can substitute the following statement:

Name the type of company which can start it's business after getting 'Certificate of Incorporation'?

A company can commence business after incorporation.

Fill in the blank:

A company which can start its business only after securing the certificate of commencement of business is a ____________.

Q. Mark the following statements True or False:
(a) A private company must file a statement in lieu of prospectus.
(b) A company which does not want to prepare its own Articles of Association can adopt Table A.
(c) A company wanting to raise capital must issue a prospectus.
(d) A private company can start its business immediately after incorporation.
(e) Capital clause is a part of the Articles of Association.
(f) The Memorandum of Association defines the relationship of a company with or outsiders.
(g) Every company must issue a prospectus to raise share capital.

Q. A special feature of a private company is that it can start its business immediately after the issue of ___________.

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Standard XI Business Studies

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