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Private Limited Companies (The Articles of Association (how the directors…
Private Limited Companies
Formation of a Private Limited Company
a statement of the names of the directors of the company and their consent to become directors
a declaration of compliance with the Companies Act
the Articles of Association
a statement of the normal share capital
the Memorandum of Association
The Memorandum of Association
the objectives of the company (what the company was set up to do), e.g. to publish magazines
the capital of the company, i.e. the authorized share capital
the name of the company with the letters
Ltd
after it
that the company has limited liability
The Articles of Association
how the directors are to be appointed
powers of directors
the voting rights of shareholders
how meetings are to be called
the share capital of the company
the procedure for winding-up the company
the name of the company
Certificate of Incorporation
Definition: the
Certificate of Incorporation
is a document that makes the company a legal person that can sue or be sued like any private individual
Annual General Meeting (AGM)
Definition: An
Annual General Meeting
is a meeting of all the shareholders that must be held once a year
