Registration procedures, Business Law and Ethics

Assignment Help:

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.


Related Discussions:- Registration procedures

Find the murderer, Your first big case is a multiple murder. As defense att...

Your first big case is a multiple murder. As defense attorney for SyKopath, you have come to the realization that he really did break into a couple's home and torture and kill them

What do you mean by garnishee orders, Q. What do you mean by Garnishee Orde...

Q. What do you mean by Garnishee Orders? The ATO has the power to issue garnishee orders which allow recovery of debts from a person's bank account, wage or from people who owe

Treaty on principles governing the activities of states, Treaty on Principl...

Treaty on Principles governing the activities of States The Treaty on Principles governing the activities of States in the Exploration and Use of Outer space, including the mo

Recent trends in phoenix activity, It was noted by stakeholders that phoeni...

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

Explain unsc resolution 1624 and when it is passed, Explain UNSC Resolutio...

Explain UNSC Resolution 1624  and when it is passed The most-recent such resolution is UNSC Resolution 1624 passed in the year 2005. It states: "1. Calls upon all States to

Calculate the payback period and the return on investment, A company seeing...

A company seeing the prevalence of HIV transmission due to unprotected sexual intercourse in a country and the societal norms preventing the open use of condoms sees an opportunity

Explain the international law, Explain the International law Internatio...

Explain the International law International law is the body which governs State actions and its effective implementation within the States depends on the way in which States tr

Which treaty established by the united nations, Which treaty established by...

Which treaty established by the United Nations The UN Charter is a treaty established by the United Nations. There are three types of treaties: law  making treaty; codifying tr

Define qualified and absolute privilege, 1. What is purpose of section 91 a...

1. What is purpose of section 91 and section 92 of the Constitution Act, 1982? 2. Explain the risk assumed by an unlicensed tradesperson (eg. Electrician or Plumber) when ent

Investigation of companys affairs, Investigation of Company's Membership: ...

Investigation of Company's Membership: Section (1) empowers the registrar to appoint one or   more competent inspectors to investigate and report on the membership of any comp

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd