New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What shall be the effect of registration of a company?

    A Common seal Correct Answer Incorrect Answer
    B Perpetual succession Correct Answer Incorrect Answer
    C Power to acquire, hold and dispose of property Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer
    E Both (b) & (c) Correct Answer Incorrect Answer

    Solution

    Section 9 Effect of registration- From the date of incorporation mentioned in the certificate of incorporation, such subscribers to the memorandum and all other persons, as may, from time to time, become members of the company, shall be a body corporate  by the name contained in the memorandum, capable of exercising all the functions of an incorporated company under this Act and having perpetual succession power to acquire, hold and dispose of property, both movable and immovable, tangible and intangible, to contract and to sue and be sued, by the said name

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