When a public company receives the certificate of incorporation, this implies that?
Answer Details
When a public company receives the certificate of incorporation, it implies that it can go ahead and start business. The certificate of incorporation is a legal document issued by the government to a company after meeting all the legal requirements for registration. It shows that the company has been registered and is now a legal entity with the capacity to do business, raise capital, own assets and sue or be sued in its own name. Therefore, the company can start operations and carry out its activities legally.