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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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