A company was incorporated on 6th October. The certificate of incorporation of the company was issued by the Registrar on 15th October. The company on 10th October entered into a contract which created its contractual liability. The company entered into prior to issuing of certificate of incorporation. Decide, under the provisions of The Companies Act, 2013, whether the companies can be exempted from the said contractual liability.
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Explanation:
As per section 9 of the Companies Act 2013.
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