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Question
State the following statement is True or False:
A public company can commence (start) its business only after obtaining the trading certificate.
State the following statement is True or False:
A public company can commence (start) its business only after obtaining the trading certificate.
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Solution
The correct option is A True
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.
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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