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
CONDITIONS FOR RELIEF: In H.R. Harmer Ltd (1959) Jenkins L.J. summarised the conditions which must be met before relief under the section can be granted by the court when he s

State Article 22 of international law Article 22 declares the premises of the mission as inviolable and agents of receiving State are not to enter them without the consent of

State law concerning use of force The law concerning use of force is a contentious area in international law. In pre-modern times, the state territory was extended by occupyi

Business Names:                             If a company has a place of business in Kenya and carries on business under a business name which does not consist of its corporate

Information in Agenda Setting What information, how and when reaches to voters to proposal, is also a detrimental factor in policy process. The degree to which information is c

REGULATIONS REGARDING HAZARDOUS SUBSTANCES A hazardous substance has the potential to harm. It may cause harm to human beings, other living creatures, plants, microorganisms, p

QUESTION Gerald is aggrieved of the decision of the Minister of Public Infrastructure to build a high way bypass through his housing estate. Gerald has been advised to apply

It was noted by stakeholders that phoenix activity has evolved significantly over the past decade. First, the ATO noted that they are seeing significantly less 'asset stripping' of

QUORUM: However a quorum is the minimum number of persons who must be present at a meeting in order that the meeting may validly transact the business for that it was convened

Advantages - Take-over bid: A non-accepting shareholder who applies to the court to set aside the proposed compulsory acquisition of his shares under s.210 will fail unless he