Registration procedures, Business Law and Ethics

Registration Procedures:

The procedures to be followed by persons who intend to form a registered company will depend on whether the proposed company is to be a public company or a private company.

Public Company

           The initial step that must be taken by promoters who are desirous of forming a public company is the preparation of a document called the memorandum of association towhich at least seven of them will subscribe their names as prescribed by s.4 of the Act. The memorandum must contain a declaration by the promoters that they are desirous of being formed into a company pursuant thereto and must state:

(a)   the name of the company, with "limited" as the last word of the name of the company in the case of a company limited by shares or by guarantee; and

(b)   like the registered office of the company is to be situate in Kenya; and

(c)    there the objects of the company; and

(d)   next the amount of capital with that the company is to be registered and the division of the capital into shares of a fixed amount.

Posted Date: 1/12/2013 1:56:55 AM | Location : United States







Related Discussions:- Registration procedures, Assignment Help, Ask Question on Registration procedures, Get Answer, Expert's Help, Registration procedures Discussions

Write discussion on Registration procedures
Your posts are moderated
Related Questions
Realization of Auditors: it is a mere truism to say that the value of loans and securities depends on their realization.  We were told that a statement to that effect, is so u

Attorney General However the office of the Attorney simply is established through sec (i) of the constitution. In the public service it is an office.  Appointment of

Explain about the general assembly of United Nations. The General Assembly: The General Assembly is the major deliberative organ of the United Nations. This is composed o

Question 1: (i) Explain clearly the difference between Individual Bargaining and Collective Bargaining highlighting with examples the contexts in which each of them applies.

Estoppel - Law of Agency and Partnership Further the basis of estoppel was explained through the court like Spiro v. Lintern  in giving such; "Where a man is below a duty -

You and a friend form a corporation (Company) together selling refurbished handbags.  Your responsibilities are to decide sales and your friend's, Patty, is to manage operations an

Deferred Debts - Disclaimer of assets: Deferred Debts: A debt owed to a member as member, i.e. an unpaid dividend, is a deferred debt paid only when ordinary debts have b

Disadvantages of Stare Decisis Over-subtlety or Artificiality However a judge is forced, but it were follow an earlier case that, his conscience may preclude him from

SUBSIDIARY LEGISLATION: Moreover this is subordinate or delegated indirect legislation. In fact section 2 of the Interpretation and General Provisions Act specified subsidi

Take-over bids: Section 210 provides that where a scheme or contract  involving the transfer of shares or any class of shares in a company to another company has been approved