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Standard XII
Accountancy
Introduction to NPO
Which type of...
Question
Which type of company cannot start the business immediately after its incorporation?
A
Private company
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B
Public company
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C
Foreign company
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D
Holding company
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Solution
The correct option is
B
Public company
As per Companies Act, a public company must obtain a certificate known as the Certificate of Commencement of Business before commencing business.
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