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Business Studies

Government Company and Its Features

Select the te...

Question

Select the term or a phrase which can substitute the following statement:
Name the type of company which can start it's business after securing 'Trading Certificate'?

A

Private company

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B

Public company

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C

Sole proprietorship

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D

Joint stock company

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Solution

The correct option is C Public company
A public company, has to goes through the capital subscription stage and then receives the certificate of commencement. Only after obtaining the trading certificate, a public company can commence its business.

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