CAF-4 · Chapter 20 · Question 11 of 15
Which of the following companies is NOT required to obtain a 'Certificate of Commencement of Business' before starting its operations?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A private company.
Explanation
A private company, a company converted from private to public, and a company limited by guarantee not having share capital are exempted. They can commence business immediately upon incorporation.
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