MEMORANDUM OF ASSOCIATION

    MEMORANDUM OF ASSOCIATION     # What is a Memorandum of Association ??? Memorandum of association is the most important documents of a company. It is the charter or constitution of the company. It lays down the powers and objects of the company as well as the scope of operations of the company beyond which it […]

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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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COMPANY PROMOTION

MEANINGS OF PROMOTION  and PROMOTER PROMOTION is the process of exploring, investigation, planning, and organisation of resources with the purpose of setting up a business enterprise. It refers to a series of business activities by which a business enterprise is brought into existence. According to C.W.GERSTENBERG, promotion is the discovery of business opportunities and the subsequent organisation of funds property […]

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PRIVATE and PUBLIC COMPANIES

DEFINITION OF PRIVATE COMPANIES A private company means a company which: 1. Restricts the right of members to transfer its shares. 2. Has a minimum of 2 and a maximum of 50 members, excluding the present and past employees, does not invite the public to subscribe to its capital and must have a minimum paid up capital […]

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