Company Law (70%) Formation of company Capital and financing of a company Management and administration of a company Company transformation, receivership, and winding up Limited Liability Partnership 10% 20% 15% 20% 5% Total: 100% EXAMINATION FORMAT A 3-hour written paper consisting of two parts: What is a company?What is a company? The Central Government 2. 1. x���A�� �3�܀26�\ʜ�M�7��Yw��/4�/�����(l��]`�[����`-L�]Q�?� ,p-�q The original re-quirements relating to the formation of companies and providing updated information to business registries were first formulated when this was done in hard copy form. 0000015580 00000 n startxref 0000018272 00000 n 0000020626 00000 n Withdrawing funds. An unlimited Company may be further classified as follows:- i. ... Concept, formation, membership, functioning and dissolution. Formation of Company- An Overview. Under the Common Law the Joint Stock Companies Act 1856, which introduced the Memorandum of Association into company law, made no provisions for the alteration of a memorandum. "XA� ��/72012|��!�3�� 0 H, A human being is a "natural" person. It consists, in all cases other than a LTD, of a memorandum of association, which sets out the company’s objectives, and the articles of association 1. 0000003249 00000 n 516 29 17. Constitutional Documents A Constitution is required for the formation of a company. A limited Company may be further classified as follows:- i. TYPES OF BUSINESSES • Sole Trader A sole trader is a very simple legal form of business. Company limited by guarantee and having a share capital 3. %%EOF According to Law No 04-08 (April 2004), registration is completed within one day. It also covers the legal duties of company directors and the courts’ role in policing them. Company LawCompany Law 2. Formation of companies 1. 103 0 obj <> endobj 1. The heads of the new company should then file for company registration with the commercial registry within two months of the formation of the company. ?�~��������[R���[���B�m6�_�v~>1���2$VCj҈�A��>����wF��Y��WO���g��ǻ�o���:m:m| ~�d:=(��>�?�&Ĭ�T��:�bu���8�����Y��f[������8�"mP�\�G]�I�ّ�DZݯ>�1U;?�] ߗf�� �O16�.i� ��,X:v����o.�/��g6@w��~��q���h*c ����e!e��Ns^0�cr"#��p̉�s��>�� �hZ��d����m��[�o�PIg'e��o��M��N`⋯01)'$e�o��0z�b֧ =V+���d��P�. Obligation of company to transfer shares acquired in contravention of this Law. Registration of a Private Limited Company 1 THE LAW OF COMPANIES Company law is about the formation of companies, their continuing regulation during their life and the procedures for dealing with their assets when they are terminated in a liquidation. 0 What are the issues relating to digitalisation in company law? - the partnership or SNC, which not employed very often, as it does not offer many advantages; 4. Formation of company is work related with compliance of laws, regulators and authorities which involves an integrated team work by various people led by promoters. Formation of a Company under the Companies Act, 2013 A Comprehensive Analysis of Section 9 of the Companies Act, 2013 Important articles and study material on Company Law … Application of Company Law to Different Sectors such as Banking, Insurance, etc. 0000059116 00000 n �؛@c� A,��N ���`�@��O~�+WLm|�Rc�Na��Ҍ@� Company law 6 University of London External Programme 1.1 Company law Company law is about the formation of companies, their continuing regulation during their life and the procedures for dealing with their assets when they are terminated in a liquidation. > Stages in formation. CONTENTS FORMATION OF COMPANY > Definition. An unlimited Company having no shar… 2.1. Subscription, acquisition or holding shares through subsidiary. Conditions to be met for the company to hold its own shares. %%EOF Can the company do business before being formally incorporated (as a company in formation)? endstream endobj 104 0 obj <> endobj 105 0 obj <>/ProcSet[/PDF/Text]>>/Rotate 0/Type/Page>> endobj 106 0 obj <>stream The procedure for the incorporation of a company can be understood through the following steps – Selection of the type of a company-The first step for incorporation of a company is to select the type of company the promoters or owners wish to form i.e. Article (5): Registration Arresters and Objection to Registration 0 Promotion Stage: Promotion is the first stage in the […] The main business structures recognized by the French Company Actare: 1. 3 professional functions or due to a business relationship that the person has with the directors, company or body; (xi) “existing company” means a company formed and registered under any repealed law; (xii) “expert” includes, for the purposes of section 214, an engineer, valuer, accountant and any other person whose profession gives authority to a statement 1.2 Company Law Administration The present set up dealing with Company Law Administration, directly or indirectly, at various stages and providing for various administrative authorities is as follows: 1. Yes, the company may conduct business before being formally registered, but the persons conducting the business are liable as set out under question 3. Offences and Penalties – an overview. ��}��.��,9�^҇/s�p���)����`���')m�S�@�"�F+�2F �L��q�F1�͛���_nU�������~q��Ub��]?h�TW�������j���\����Qg:1�M�|����_׋ٯ[Ln/�����f����O�����>���y�Z���v���?�.��)�n+�uZ��^�^ID-QX��,�QP#��ge��YJ�,bUD]}H�;��*��.B������mg�$z��D � �6��/�;�=��-�`��}��� ��YyL��(qmLR�"��! DOCUMENTS OF COMPANIES > Memorandum of Association (MoA) > Article of Association (AoA) > … A Company is aA Company is a voluntaryvoluntary association of personsassociation of persons formed for theformed for the purpose of doing business, having apurpose of doing business, having a distinct name and limited liability.distinct name and limited liability. Membership, functioning and dissolution registering ) a business as a company? what a! And Objection to registration ADVERTISEMENTS: the formation and registration of Companies are as follows -. 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