Company formation

BCL – L1 – Q62 – Alternative forms and constitutions of business organisations

Write short notes on a company limited by guarantee.

Question

Write short notes on the following:

(a) Company limited by guarantee

(b) Choice of company name

(d) External Companies

(e) Company promoter

Answer

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Tags: Company formation, Company promoter, Fiduciary duty
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – Q51 – Alternative forms and constitutions of business organisations

Explain advantages of a company limited by shares under the Companies Act.

Question

Section 9 of the Companies Act, 1963 (Act 179) provides that a company limited by shares is “a company having the liability of its members limited to the amount, if any, unpaid on the shares respectively held by them”.

Required:

State and explain TWO (2) advantages that exist for a company limited by shares.

Answer

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Tags: Company formation, Corporate structure, Legal personality, Limited liability, Shares
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – Q49 – Alternative forms and constitutions of business organisations

Explain steps to form a company and its legal constitution requirements.

Question

Explain the steps involved in the formation of a company and the legal requirements for its constitution.

Answer

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Tags: Business organisations, Company formation, Constitution, Corporate law, Legal requirements
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

Tag (SQ): Company formation

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BCL – L1 – Q62 – Alternative forms and constitutions of business organisations

Write short notes on a company limited by guarantee.

BCL – L1 – Q51 – Alternative forms and constitutions of business organisations

Explain advantages of a company limited by shares under the Companies Act.

BCL – L1 – Q49 – Alternative forms and constitutions of business organisations

Explain steps to form a company and its legal constitution requirements.

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Tag (SQ): Company formation

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BCL – L1 – Q62 – Alternative forms and constitutions of business organisations

Write short notes on a company limited by guarantee.

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BCL – L1 – Q51 – Alternative forms and constitutions of business organisations

Explain advantages of a company limited by shares under the Companies Act.

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BCL – L1 – Q49 – Alternative forms and constitutions of business organisations

Explain steps to form a company and its legal constitution requirements.

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