Technoprenuership1 14 allow a company to continue trading whilst insolvent can beheld personally responsible. c) To have regard for the interests of employees as well as shareholders d) To comply with the requirements of the Companies Act. This requires proper accounts and records to be kept and officially filed on a regular basis.
1.2 The Memorandum and Articles of Association Although
commonly referred to as one, these are in fact two key legal documents, which set out the constitution and management arrangements of the company.
1.2.1 Memorandum of Association This is the company’s charter which includes a)
The name of the company: The name of a limited company has to be approved by the Registrar of Companies.
It cannot be offensive, or likely to be confused with an existing company. To limit its liabilities, limited must be the last word of the name of a company trading for profit.
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