BL – Nov 2015 – L2 – SB – Q2a – Company Law

List and explain four documents required for the incorporation of a company.

Question

Any two or more persons may form and incorporate a company by complying with the requirements of the Companies and Allied Matters Act.

Required:

Briefly explain FOUR documents required to be filed with the Corporate Affairs Commission for the incorporation of a company.
(10 Marks)

Answer

Memorandum of Association:
This document outlines the scope of a company’s operations, including the objectives, the amount of share capital, and the structure of shareholding. It defines the relationship between the company and the outside world.
Articles of Association:
This document contains the internal rules governing the management and administration of the company. It outlines the procedures for meetings, director appointments, and share transfer processes.
Statement of Compliance:
This is a statutory declaration, typically made by a legal practitioner, confirming that all the legal requirements for registration have been complied with under the Companies and Allied Matters Act.
Notice of Registered Office Address:
This document states the official address where the company’s correspondence and legal notices will be delivered. It is mandatory to provide the location of the company’s principal place of business.