1
Question
The Registration of a Joint Stock Company is _______.
The Registration of a Joint Stock Company is _______.
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Solution
The correct option is B Compulsory
It is legally compulsory for a company to get itself registered under the Companies Act, 1956. Without registration, no company can come into existence. The joint-stock company is defined as an incorporated association. It means it is an association registered under the companies act or special act of parliament. In fact, a company comes into existence only when it gets the certificate of Incorporation from the registrar of companies. Hence, registration of Joint Stock company is compulsory.Hence, option (B) is the correct answer.
It is legally compulsory for a company to get itself registered under the Companies Act, 1956. Without registration, no company can come into existence. The joint-stock company is defined as an incorporated association. It means it is an association registered under the companies act or special act of parliament. In fact, a company comes into existence only when it gets the certificate of Incorporation from the registrar of companies. Hence, registration of Joint Stock company is compulsory.
Hence, option (B) is the correct answer.
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