State the importance of the Certificate of Incorporation.
State the importance of the Certificate of Incorporation.
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Importance of Certificate of Incorporation:
- Certificate of Incorporation is like a Birth Certificate of a Company.
- It is proof by which company comes into existence.
- After getting an Incorporation Certificate, the company becomes a legal person distinct from its members.
- It is a document that gives status to the company about its perpetual succession from its date of Incorporation.
- After getting such a certificate, the company can sue and be sued by others.
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