Write a word or a term or a phrase which can substitute the following statement. A certificate issued after registration of company.
A
Certificate of Incorporation
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B
Share Certificate
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C
Certificate of trade
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D
None of these
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Solution
The correct option is B Certificate of Incorporation Incorporation or registration is the second stage in the formation of a company. It is the registration that brings a company into existence. A company is properly constituted only when it is duly registered under the Act and a Certificate of Incorporation has been obtained from the Registrar of Companies.
After the Registrar has been fully satisfied with the documents, it registers the company and issues a certificate of incorpoation.