State the following statement is True or False:
The last stage in the formation of company is commencement of business.

True

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False

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Solution

The correct option is A True
True
The last stage in the formation of company is commencement of business.
After getting the Certificate of Incorporation, a private company can start its business. A public company can start its business only after getting a’ Certificate of Commencement of Business’.

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Similar questions

Stages in the formation of a public company are in the following manner

(a) Promotion, Commencement of business, Incorporation, Capital Subscription

(b) Incorporation, Capital Subscription, Commencement of business, promotion

(d) Capital Subscription, Promotion, Incorporation, Commencement of Business

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