7

Formation of a Company

LEARNING OBJECTIVES

After studying this chapter, you should be able to know

  • Stages in the Formation of a Company
  • Stages in the Commencement of Business of a Company
  • Promotion – Meaning, Functions
  • Preliminary Contracts or Pre-Incorporation Contracts
  • Provisional Contracts
  • How to Form a Company
  • Certificate of Incorporation
  • Effects of Registration
  • Certificate of Commencement of Business
  • Memorandum of Association – Meaning, Purpose, Form, Printing, Contents
  • Contents of Memorandum
  • Articles of Association – Meaning, Form, Printing, Contents
  • Distinction between Memorandum and Articles of Association
  • Prospectus – Meaning, Significance, Contents
  • Matters to be Stated in the Prospectus
  • Statement in Lieu of Prospectus

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