On the registration of a company under the Companies Act, 2013, the respective Registrar of Companies (RoC), under which the company was incorporated, issues a ‘Certificate of Incorporation’ to the newly incorporated company.
The certificate of incorporation of a company, once issued to the newly incorporated company, shall be a conclusive evidence. This implies that all statutory requirements in respect of registration and of matters precedent and incidental thereto have been complied with.
What does this 'Conclusive Evidence' really mean? Its impacts:
In its simplest interpretation, it would mean that this issuance of the certificate of incorporation by the Registrar of Companies overrides any irregularities which may have occurred during the formation of the company.
The existence of the company will remain invariable and unassailable, even if there were some fraud committed or omission of information happened or some formalities were not fulfilled, etc at the time of formation/registration of the company.
Further, the ending of the existence of the company will only be possible with the winding up of the company and not by just canceling the certificate of incorporation of the company.
Relevant Case Laws
Salim Akbarali Nanji vs Union Of India [2002]
Moosa Goolam Ariff v. Ebrahim Goolam Ariff [1912]
Mohsinali Mahomedali And Ors. vs The State Of Bombay [1950]
Cotman v Brougham [1918] AC 514 - UK company law case.
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