Which of the following statements are false Indicate the correct code. (A) No company has to file any prescribed declaration before commencement of business. (B) A company can ratify the contract entered into by the promoters with third parties on behalf of the company before its formation. (C) The date mentioned in the certificate for commencement of business is taken as the date of birth of a public company. (D) A private company has to file a "Settlement in lieu of prospectus" with the registrar. Choose the correct answer from the options given below:?

A, B and D only
A and B only
B, C and D only
C and D only

LohaHridoy

6 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 3 : B, C and D only

The incorrect statements are B, C and D only

B) A company can ratify the contract entered into by the promoters with third parties on behalf of the company before its formation.

This statement is false because the company cannot ratify a pre-incorporation contract and hold the other party liable. The company, when it comes into existence, is not bound by any contract made on its behalf before its incorporation.

(C) The date mentioned in the certificate for commencement of business is taken as the date of birth of a public company.

This statement is false as the filing date for the articles of incorporation is considered the company's incorporation date.

(D) A private company has to file a "Settlement in lieu of prospectus" with the registrar.

This statement is false as a private company is not required to file a prospectus or a settlement in lieu of prospectus with the Registrar of Companies.

6 views Answered 2022-09-04 04:29

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