question_answer 6)

Stages in the formation of a public company are in the following order (a) Promotion, Commencement of Business, Incorporation, Capital Subscription (b) Incorporation, Capital Subscription, Commencement of Business, Promotion (c) Promotion, Incorporation, Capital Subscription, Commencement of Business (d) Capital Subscription, Promotion, Incorporation, Commencement of Business

Answer:

(c) The formalities of formation of a company can be divided into four distinct stages, which are (i) Promotion (ii) Incorporation (iii) Subscription of capital (iv) Commencement of business