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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