Formation and organization – Short Question and Answers

1. Define company.

2. Write down four characteristics of a company.

3. Explain the formation of a company.

4. Explain the kinds of companies.

5. Define memorandum of association.

6. Define articles of association.

7. Explain the term preliminary expenses.

8. Define the term "Promotion".

9. Describe share capital.

10. What do you mean by call in arrear.

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One Comment on Formation and organization – Short Question and Answers

  1. Promotion of a company means planning, its establishments, negotiation of preliminary contracts, drafting of memorandum and articles of association, prospectus and other matters relating the formation of the company or corporation. The person who initiate others in the matter of forming a company and organizing it, is known as promoter.

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