A private company can start Its business immediately after the issue of
a) Certificate of commencement of business
b) Certificate of incorporation
c) Both
d) None of the above
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Answer:
Under the erstwhile Companies Act, 1956, a private company could start its business immediately upon receiving a certificate of incorporation. Private companies do not require to obtain a certificate of commencement of business from concerned Registrar of Companies under section 149 of Companies Act, 1956.
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certificate of incorporation
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