10. The document issued to a public company allowing it to commence business is the ___________
By
Ralph - O
-
Friday, February 25, 2022
The document issued to a public company allowing it to commence business is the
(a)Article of association(b)Certificate of incorporation(c)Memorandum of association (d)Certificate of trading
EXPLANATION:
What is a Certificate of Trading?
A certificate that is issued to public limited companies (PLCs). All PLC’s are required to obtain a certificate of trading before they are able to trade.
If the public company does trade before the certificate has been issued, the company and their officers may be liable to criminal penalties.
Before trading, all public companies will need to apply for trading certificate. Private companies donot need to apply for trading certificate and are therefore able to trade as soon as a Certificate of Incorporation.
You'll have 60 seconds to answer each question.
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