JAMB - Commerce (2025 - No. 19)
When a public company receives the certificate of incorporation, this implies that
the company's assets exist separately from those of its members
it can no longer sue or be sued
the company's finds it difficult to raise capital
it can go ahead and start business
Explanation
When a public company receives the certificate of incorporation, it means that it is legally recognized and can start its business
operations.
The certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a
license to form a corporation issued by the state government or, in some jurisdictions, by non-governmental entity/corporation.
Its precise meaning depends upon the legal system in which it is used.
operations.
The certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a
license to form a corporation issued by the state government or, in some jurisdictions, by non-governmental entity/corporation.
Its precise meaning depends upon the legal system in which it is used.
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