26

Formation of a Company

CHAPTER OBJECTIVES

After carefully reading this chapter, you will be able:

  • Understand the procedure of formation of a company.
  • Describe the various important documents of a company.
  • Know the definition and contents of the memorandum of association, the articles of association and the prospectus of a company.
  • Distinguish between a memorandum and an article of association.

A company is an artificial individual in the eyes of law. But, it comes into existence when, some individuals who wish to form a company, come together with a view to carry on some business for the purpose of earning profits. Before forming the company, these persons, who think of forming a company and take the necessary steps to bring it into existence, ...

Get Business Regulatory Framework now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.