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CSEET · Business Laws and Management · Elements of Company Law

Consider these statements about a company's incorporation. (I) The Registrar allots a corporate identity number, a distinct identity for the company, which is included in the certificate. (II) The company must keep copies of the documents originally filed at its registered office till its dissolution. Which is correct?

Both statements are correct. The Registrar allots a distinct corporate identity number included in the certificate of incorporation, and the company must maintain and preserve copies of the documents originally filed at its registered office until its dissolution under the Act.

  1. AOnly I is correct
  2. BOnly II is correct
  3. CBoth I and II are correctCorrect
  4. DNeither I nor II is correct

Explanation

Section 7(3) provides for allotment of a corporate identity number, a distinct identity of the company, included in the certificate. Section 7(4) requires the company to maintain and preserve at its registered office copies of documents as originally filed till dissolution. Both statements are therefore correct.

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