Answer: C → B → D → A
C. Promotion
Conceive the business idea, assemble founders, carry out feasibility studies.
B. Incorporation
Register the company by filing the Memorandum and Articles of Association.
D. Floatation
Raise capital by offering shares/debentures to investors (public or private).
A. Commencement of Business
Obtain the Certificate of Commencement (if required) and start trading.