Question
State the major use of each of the following documents:
(i) Certificate of Trading
(ii) Certificate of Incorporation
(iii) Memorandum of Association
(iv) Articles of Association
(i) Certificate of Trading
(ii) Certificate of Incorporation
(iii) Memorandum of Association
(iv) Articles of Association
Answer
(i) Certificate of Trading : Authorizes the business to commence its business activities.
(ii) Certificate of Incorporation : Shows that a company has been duly registered as a separate legal entity.
(iii) Memorandum of Association : shows the relationship between company and outsiders.
(iv) Articles of Association : shows the rules and regulation to be used in the internal organism / operation of a company.
(ii) Certificate of Incorporation : Shows that a company has been duly registered as a separate legal entity.
(iii) Memorandum of Association : shows the relationship between company and outsiders.
(iv) Articles of Association : shows the rules and regulation to be used in the internal organism / operation of a company.
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