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CSEET · Business Laws and Management · Elements of Company Law

On and from the date mentioned in the certificate of incorporation, the Registrar allots to the company a corporate identity number. Which statement about it is correct under Section 7?

The corporate identity number is a distinct identity for the company and is also included in the certificate of incorporation. The Registrar allots it from the date mentioned in the certificate, and it is not limited to public companies or shared among promoters.

  1. AIt is allotted only to public companies
  2. BIt is a distinct identity for the company and is included in the certificateCorrect
  3. CIt is allotted after the first general meeting is held
  4. DIt may be shared by companies with the same promoters

Explanation

Section 7(3) says the Registrar shall allot a corporate identity number, a distinct identity for the company, and it is included in the certificate. It is not limited to public companies and is not shared.

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