[单选题]
Which of the following statements are correct?(1) A public company cannot commence trading until it has received a tradingcertificate from the Registrar of Companies.(2) If a public company commences trading without a trading certificate, the directorsmay be held jointly and severally liable for obligations arising.(3) A private company may commence trading upon receipt of its certificate ofincorporation.
A .1 and 2 only
B .2 and 3 only
C .1 and 3 only
D .All of the above
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