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Business
Business(Private limited company)
| Question | Answer |
|---|---|
| What is a certificate of incorporation? | A document that shows the company birth date |
| What is the memorandum of association? | A document that shows the relationship between the company and the general public. It states the name and objects of the company,that the company is limited in liability and the amount of share capital it can raise |
| What are company objects? | The reasons why the company was set up. A company cannot do anything that is not included in the objects |
| What are articles of association? | A document that shows the internal rules of the company. It includes the voting rights of the shareholders,their borrowing powers and how directors are elected |
| What is the declaration of compliance? | A document that states that certain people will abide by the company laws, e.g Companies act 1963-2003 |
| What is authorised share capital? | The amount of money a company is allowed to raise through the issue of shares |
| What is the declaration of consent? | A document that states that certain people agree to become directors of the company |
Created by:
Chimozukee
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