company's act Flashcards
CA section 7 Hint: MFC
method of forming company
CA section 8 HINT: MOA
memorandum of association
CA section 9 HINT: RD
Registration documents
CA section 10 Hint: SOCAIS
statement of capital and initial shareholdings
CA section 12 HINT:SOPO
statement of proposed officers
CA section 13 HINT:SOC
statement of compliance
incorporation section 14 HINT:R
registration of companies
incorporation - section 15 HINT: ICOI
issue certificate of incorporation
incorporation - section 16 HINT: EOR
effect of registration
CA section 33 HINT: BPOTC
binding power of the constitution
CA section 21 HINT:ATA
amending the articles
CA section 22 HINT:EPOTA
entrenchment provision of the articles
CA section 162 HINT:D
directors
CA section 870
a charge must be registered within 21 days of its creation
CA 2006 section 869
registrar will issue a certification of registration
CA section 40
directors can bind the company by their acts without personal liability
CA section 171
directors must act in accordance with company’s constitution
CA section 172
a duty to promote the success of the company
CA section 173
a duty to exercise independent judgement
CA section 174
a duty to exercise reasonable skill, care and diligence
CA section 175
a duty to avoid conflict of interest
CA section 176
a duty not to accept benefits from 3rd parties
CA section 177
a duty to declare an interest in any proposed transaction with the company
CA section 393
the accounts should give true and fair view
