Justify the following statement: Every Company on incorporation gets a CIN.
Justify the following statement:
Every Company on incorporation gets a CIN.
6 views
1 Answers
- CIN means Corporate Identity Number.
- ROC allots CIN to every company at the time of issue of Incorporation Certificate after completion of all formalities.
- It is a unique identification number that is given to every company.
- It shows details like whether a company is listed or unlisted, industrial code, state-wise location, year of incorporation, type of ownership, and registration number.
- All correspondence with ROC is conducted on basis of such CIN.
- It is compulsory given to all types of companies.
- Thus, every company gets CIN on incorporation.
6 views
Answered