PLTC Company Law Practice Exam 2025 – Complete Preparation Resource

The correct answer is when the Incorporation Application is filed, as this is the point where the legal process of forming a company begins. According to company law, a corporation is considered to be officially incorporated once the application for incorporation has been submitted and accepted by the relevant government authority. This process establishes the legal existence of the company and allows it to commence business activities and enter into contracts.

Filing the Incorporation Application triggers the necessary governmental checks and procedures, and once approved, the company is granted a Certificate of Incorporation, which acts as proof of the company's legal status. The moment this application is filed marks the official date of incorporation, setting a precedent for all subsequent corporate activities and responsibilities.

Future dates specified in the incorporation agreement or after specific corporate meetings or financial reports do not establish the date of incorporation, as they pertain to operational timelines rather than the legal formation of the company.