General Studies · Corporate Law
Given below are two statements: Statement I: A certificate of incorporation is conclusive evidence that all the requirements of the Companies Act have been complied with in respect of registration. Statement II: After incorporation, if the company makes a fresh contract in terms of a pre-incorporation contract, the liability of the promoters shall come to an end. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is false but Statement II is true
- 2Statement I is true but Statement II is false
- 3Both Statement I and Statement II are false
- 4Both Statement I and Statement II are true✓
Correct answer
Both Statement I and Statement II are true
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