Question

Fill in the blank:

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

• A. public company
  
• B. private company
  
• C. Joint stock company
  
• D. Co-operative society
  

Answer 1

Answer: (A)

public company

All companies registered in India after the commencement of the Companies Amendment Ordinance 2018 and having a share capital is required to obtain a commencement of business certificate before commencing any business. It is applicable to the companies registered after November 2018. This declaration to be filed in Form 20A within 180 days from the date of getting a certificate of incorporation.

Thus the correct answer is A.