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Business Studies

Incorporation

On incorporat...

Question

On incorporation, a company ______________.

A

becomes a body corporate.

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B

has a common real.

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C

has a perpetual succession.

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D

All of the Above.

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Solution

The correct option is C All of the Above.
According to the Indian Companies Act, 2013, a company is an artificial person who is a separate legal entity,perpetual succession and has a common seal formed to achieve a particular objective.

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