The formation of a company is a lengthy process. For convenience the whole process of company formation may be divided into the following four stages: 1. Promotion Stage 2. Incorporation or Registration Stage 3. Capital Subscription Stage 4. Commencement of Business Stage. Stage # 1. Promotion Stage: Promotion is the first stage in the formation of a company. The term [...]
After reading this article you will learn about:- 1. Definition of Memorandum 2. Forms of Memorandum 3. Contents or Clauses 4. Importance 5. Alteration. Memorandum of Association of a Company Memorandum of Association # Definition: According to Sec. 2 (28) of the Companies Act, "Memorandum means the Memorandum of Association of a company as originally framed or as altered from [...]
This article throws light upon the three important documents of a company. The documents are:- 1. Memorandum of Association 2. Articles of Association 3. Prospectus. Document # 1. Memorandum of Association: Memorandum of Association of a Company is one of the most important documents required to be filed with the Registrar of Companies at the time of formation of a [...]