73 Summary of Unit 1

This unit covered the types company which could be incorporated by any two or more persons for any lawful purpose and meeting the requirements as to registration under the Companies Act 1965. You learnt to understand that Section 14(2) of the Act provides that various types of companies could be registered such as company limited by shares, by guarantee, both shares and guarantee or unlimited company.

The unit has also dealt with the process of incorporation of companies. The incumbent consequences and effects of incorporation of different types of companies were also discussed. The tedious process and its procedures on incorporation were presented for your understanding.

Lastly, the unit explained the steps of corporate compliance as required by the Act and fees payable to complete the entire process of incorporation. Conduct of meetings pertains to company was also introduced for your knowledge.

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Summary of Unit 1 Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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