Skip to content

CSEET · Business Laws and Management · Elements of Company Law

After registering the documents and issuing the certificate of incorporation under section 7, the Registrar allots to the company a corporate identity number (CIN). Which statement about the CIN is correct?

The Registrar allots the corporate identity number on and from the date mentioned in the certificate of incorporation, and it is included in the certificate. It is a distinct identity for the company and does not depend on commencement of business or the type of company.

  1. AIt is allotted on and from the date mentioned in the certificate of incorporation and is included in the certificateCorrect
  2. BIt is allotted only after the company commences business
  3. CIt is allotted only to public companies
  4. DIt is allotted by the Tribunal on the company's application

Explanation

Section 7(3) provides that on and from the date mentioned in the certificate of incorporation, the Registrar shall allot a CIN, a distinct identity for the company, which shall also be included in the certificate. It is not tied to commencement of business, company type, or the Tribunal.

Did you get it right without looking?

One question tells you little. A timed set on Elements of Company Law shows your real accuracy, how long you take and where you lose marks.

Practise Elements of Company LawFree diagnostic mock

More Elements of Company Law questions