Arrange the following steps in the correct sequence of the life of a company:(A) Commencement of Business(B) Incorporation(C) Promotion(D) FloatationChoose the correct answer from the options given below:
- A(A), (B), (C), (D)
- B(A), (C), (B), (D)
- C(B), (A), (C), (D)
- D(C), (B), (D), (A)
Solution & Step-by-step Explanation
The formation milestones of a joint-stock enterprise are:Promotion (C): Conceptualisation of business ideas by promoters.Incorporation (B): Legal registration with the Registrar of Companies.Floatation / Capital Subscription (D): Raising capital/equity from the public.Commencement of Business (A): Receipt of official operational clearance certificate to execute commercial activities.Correct order: (C), (B), (D), (A).