Articles of association, Business Law and Ethics

Articles of association:

The memorandum of a company limited by shares or by guarantee must state that the liability of the company's members is limited. Hence the memorandum of a company limited with guarantee shall also state the amount "guaranteed" by each member of the company.

The next step is the delivery of the memorandum to the registrar of companies together with some or all of the following documents:

 Articles of association

This document contains the regulations for management of a company. If the proposed company is to be limited by shares the promoters need not deliver it for registration. The provisions of Part I of Table A in the First Schedule to the Act will be automatically applicable to the company under Section  II (2) of the Companies Act, if the promoters do not deliver it.

Posted Date: 1/12/2013 1:57:34 AM | Location : United States







Related Discussions:- Articles of association, Assignment Help, Ask Question on Articles of association, Get Answer, Expert's Help, Articles of association Discussions

Write discussion on Articles of association
Your posts are moderated
Related Questions
Illustrtaion of Rules relating to consideration Foakes v Beer (1884) Actually On the date 11th of August, 1875 Mrs Beer wrapped judgment next to Dr. Foakes for £2,077 1

The U.S. Constitution provides certain procedural safeguards to an accused, including protections from unreasonable searches and seizures, the right to an attorney and the right to

Differences between registered companies and partnerships: The basic differences between registered companies and partnerships are as follows: (a) Formation Registration

Common law rules: The above common law rules have been modified by the following statutory provisions:  VOID ALLOTMENTS a) S.50 A renders an allotment void if it was mad

Recommendations for addressing phoenix activities Over the past two decades there have been a significant range of proposals for addressing phoenix activity. Most of these opt

Effect of Registration: S.16(2) of the Act provides that "from the date of incorporation mentioned in the certificate of incorporation the subscribers to the memorandum of a

You are the HR manager of a large manufacturing company which employs both unionized and non-unionized employees. You have a non-unionized employee, Edith, who has worked for the c

Question 1: Write brief notes on the following contractual terms:- (a) How an offer differ from an invitation to treat. (b) The principles governing goods wh

Principle of statutory provisions: Most of the cases in which the principle has actually been applied appear to fall within one of the following two classes:- 1. Where the

Determine the kinds of advocacy tactics The kinds of advocacy tactics employed by policy entrepreneurs in setting agendas and generating support for their proposals may often