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WAEC Commerce 2012 Question 24

Question 24

Business Units

The document issued by the registrar of companies to permit a public limited company to commence business is

  1. A.Memorandum of Association.
  2. B.Certificate of Incorporation.
  3. C.Article of Association.
  4. D.Trading Certificate.
Show the answer and explanation

Answer: D (Trading Certificate.)

Explanation

A public company may start business only after receiving a trading certificate.