Given below are two statements:
Statement I: Certificate of incorporation is conclusive evidence that all the requirements of the Companies Act have been complied with in respect of registration.
Statement II: After incorporation, if the company makes a fresh contract in terms of the pre-incorporation contract, the liability of the promoters shall come to an end.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true