What is the 'Certificate of Incorpor | Class 11 Business Studies Chapter Formation of a Company, Formation of a Company NCERT Solutions

Question:

What is the 'Certificate of Incorporation,' and why is it important?

Answer:

The Certificate of Incorporation is an official document issued by the Registrar of Companies that signifies the legal formation of a company. It grants the company a separate legal identity, allowing it to own property, enter into contracts, and initiate legal proceedings in its name. This certificate is a vital document as it marks the company’s official recognition under the law, enabling it to commence business operations and function as an independent legal entity.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 3: What is the 'Certificate of Incorporation,' and why is it important?....

What is the 'Certificate of Incorpor | Class 11 Business Studies Chapter Formation of a Company, Formation of a Company NCERT Solutions

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