Question

What is the effect of conclusiveness of the ‘Certificates of Incorporation’ and ‘Commencement of Business’?

Answer 1

Incorporation certificate is also known as birth certificate of the company. A company get start till the date of issue of incorporation certificate but only private company can start their work from getting incorporation certificate. Public company cannot start their work of production after getting the certificate they have to get Commencement certificate for starting their work

Answer 2

Answer:

After conclusiveness of the certificate of incorporation, the company becomes entitled to enter into valid contracts. The Certificate of Incorporation is a conclusive evidence of the regularity of the incorporation and legal existence of a company.