
(1) ATTENTION :- PLEASE DONT COME HERE FOR FREE ANSWER… BE WARNED
(2) ATTENTION:- YOU ARE ADVISE TO SEND YOUR SUBSCRIPTION DETAILS ON WHATSAPP… ADD US ON WHATSAPP WITH => 09054348225
COMMERCE OBJ
1-10: ACBCCABDBB
11-20: DCABBDABDC
21-30: DAADDCCACD
31-40: ACDDACBCBA
41-50: AADBABCCAD
(1)
-TABULATE-
|| || PUBLIC CORPORATION || COOPERATIVE SOCIETY
(i) Formation || Act of parliament or decree || May only be registered Under co-operative Laws
(ii) Sources of Funds || Government And through grants || Voluntary Contributions by members
(iii) Management || Board of directors || Elected Commitee
(iv) Business Motive || Provide Essential services to the general public || To promote member’s welfare
(v) Decision Making || Government || Members of the committee
(1b)
β’ Step 1: The promoter devises a scheme of capitalisation, bearing in mind the cost of formation, assets to be bought and working capital.
β’ Step 2: The promoter is required to secure the service of a solicitor to prepare certain documents to be filed with the registrar of companies. The documents are
(i) memorandum of association
(ii) Article of Association
(iii) statement of Nominal capital
β’ Step 3: The documents are stamped and lodged with the registrar of companies.
β’ Step 4: After going through the documents, the registrar of companies then issues a certificate of incorporation to the company. This gives the company the power to commence business.
β’ Step 5: A private company can commence business after recieving the certificate of incorporation.
Leave a Reply