When a public company receives the certificate of incorporation, this implies that

Commerce

JAMB 2025

A. the company's assets exist separately from those of its members
B. it can no longer sue or be sued
C. the company's finds it difficult to raise capital
D. it can go ahead and start business

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Correct Answer: Option D

Explanation

When a public company receives the certificate of incorporation, it means that it is legally recognized and can start its business
operations.
The certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a
license to form a corporation issued by the state government or, in some jurisdictions, by non-governmental entity/corporation.
Its precise meaning depends upon the legal system in which it is used.

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