Justify the following statement: Registration of Joint Stock Company is compulsory.
Justify the following statement:
Registration of Joint Stock Company is compulsory.
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- In India, the Joint Stock Companies are governed by the Companies Act, 2013.
- Every company has to be registered under the Companies Act, 2013.
- Registration gives birth to a company.
- On registration, the company gets a separate legal entity/identity.
- Without registration, no company can come into existence.
- After getting a registration certificate, it becomes a corporate body.
- So, the registration of a Joint Stock Company is compulsory and not optional.
- Thus, registration of a Joint Stock Company is compulsory.
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