Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
The mode of _____________ and termination of a company is as per Companies Act only.
Options:
Formation
Commencement
Incorporation
Registration.
Correct Answer:
Incorporation
Explanation:
The mode of incorporation and termination (winding up) is both as per the Companies Act only. It's born out of law and can be liquidated only by law.