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 Form 2 business studies revision questions and answers set 1

Describe the procedure followed when starting up a public limited company

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Answer Text:
-The shareholders should complete and submit the memorandum of association
-Present articles of association which shows the rules and regulations governing internal operations of the company
-Submit a signed list of persons who have agreed to worker as directors
-There should be statement of share capital
-Declaration of compliance with the company’s Act signed by the secretary or director.


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