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Unit 8: Formation of Company
Pretty Bhalla, Lovely Professional University

Unit 8: Formation of Company Notes

CONTENTS

Objectives
Introduction
8.1 Formation of a Company
8.1.1 Promotion
8.1.2 Registration (Ss. 12 and 33)
8.1.3 Floatation
8.2 Winding up of Companies

8.3 Memorandum of Association
8.3.1 Meaning and Purpose
8.3.2 Form and Contents
8.3.3 Doctrine of Ultra Vires
8.3.4 Alteration of Memorandum
8.4 Articles of Association

8.4.1 Meaning and Purpose
8.4.2 Registration of Articles
8.4.3 Subject Matter of Articles
8.4.4 Inspection and Copies of the Articles
8.4.5 Alteration of Articles
8.4.6 Limitations on Power to alter Articles
8.4.7 Effect of Memorandum and Articles/Binding Force of Memorandum
and Articles
8.4.8 Constructive Notice of Articles and Memorandum
8.4.9 Doctrine of Indoor Management
8.5 Summary
8.6 Keywords

8.7 Self Assessment
8.8 Review Questions
8.9 Further Readings

Objectives

After studying this unit, you will be able to:

Discuss formation of company
Explain memorandum of association
Describe article of association

LOVELY PROFESSIONAL UNIVERSITY 137