Gap Fillers-Formation-Of-Limited-Companies PDF
Gap Fillers-Formation-Of-Limited-Companies PDF
Gap Fillers-Formation-Of-Limited-Companies PDF
Formation of a Limited Company
Anybody who is interested in forming a limited company has to follow a number of
(1)____________________________ procedures. The promoters of the company have to fill
in a number of documents and submit them to the (2)____________________________.
One of the documents contains rules under which the company will be managed. It states
the rights and duties of all of the directors, the rules concerning the election of
(3)____________________________ and the procedure to be followed for the issue of
(4)____________________________. This document is known as
(5)____________________________. Another important document is the
(6)____________________________. This document contains the name of the company
and its (7)____________________________. It also states the
(8)____________________________ of the company and the amount of
(9)____________________________ that the directors intend to raise.
Once these documents have been submitted and cleared by the Registrar of Companies,
they will be issued a (10)____________________________, allowing company to start
trading.
Articles of Association Certificate of Incorporation directors legal
Memorandum of Association objectives registered address Registrar of
b Companies share capital shares
This gap filler exercise has been downloaded from www.dineshbakshi.com
Revision notes, crosswords, quizzes, flash games for IGCSE Business Studies,
Economics and Accounting.
Business Studies Gap fillers
Key
Formation of a Limited Company
Anybody who is interested in forming a limited company has to follow a number of legal
procedures. The promoters of the company have to fill in a number of documents and
submit them to the Registrar of Companies. One of the documents contains rules under
which the company will be managed. It states the rights and duties of all of the directors,
the rules concerning the election of directors and the procedure to be followed for the issue
of shares. This document is known as Articles of Association. Another important document
is the Memorandum of Association. This document contains the name of the company and
its registered address. It also states the objectives of the company and the amount of share
capital that the directors intend to raise.
Once these documents have been submitted and cleared by the Registrar of Companies,
they will be issued a Certificate of Incorporation, allowing company to start trading.
This gap filler exercise has been downloaded from www.dineshbakshi.com
Revision notes, crosswords, quizzes, flash games for IGCSE Business Studies,
Economics and Accounting.