Legal Documents of a Company Flashcards
What is the Registrar of Business?
The name of the business is registered with the Business Registrar
What is the Memorandum of Association?
This provides general information about the company and outlines the external relationship of the company
The Memorandum of Association includes:
- Business name
- Location or Address
- Initial Capital Investment
- Objectives
- Declaration that the shareholders of the company have limited liability
What are the Articles of Association?
Articles that describe how the firm works on the inside and it governs internal relationships
The Articles of Association document how:
- Directors are elected
- Profits are divided
- Meetings are conducted
The Normal Capital Statement…
Forms part of the Memorandum of Association and outlines the max number of share that the company is authorized to raise
The Notice of Directors…
Outlines the directors of the company
The Prospectus is:
- Prepared by a public company intended to provide details of new issues of shares
- Outlines the intentions of the company
- Has a statement of willingness to act in a director capacity
The Certificate of Incorporation is…
Given by the Registrar of Companies to the business showing that a firm has satisfied all legal requirements.
