LEGAL REQUIREMENTS OF INCORPORATION OF A COMPANY

FILING OF DOCUMENTS The following documents are required to be FILED with the registrar of companies for the incorporation of a joint stock company : 1.MEMORANDUM OF ASSOCIATION 2.ARTICLES OF ASSOCIATION 3.LIST OF DIRECTORS 4.WRITTEN CONSENT OF DIRECTORS 5. DECLARATION REGARDING QUALIFICATION SHARES 6.NOTICE OF REGISTERED OFFICE 7.STATUTORY DECLARATION   1.MEMORANDUM OF ASSOCIATION: It is the most […]

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LEGAL FORMS OF ORGANISATION

PARTNERSHIP The limitation and deficiency of a sole trader are that lack of limited financial resources, limited managerial skills and concentrated risk led to the emergence of partnership as a form of organisation. When two or more persons join together in business with common ownership and management under an agreement, it is known as a PARTNERSHIP. PARTNERSHIP MEANS […]

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