Get premium membership and access questions with answers, video lessons as well as revision papers.
• Name clause. The name of a company must be indicated in the memorandum of association and should end with the word limited (ltd) this is to indicate that the liability of the company is limited.
• The objective clause. This clause indicates the set of activities that the company should engage in. the company should engage in only these activities but not other activities.
• Situation clause. This clause states that every company must have a registered office where official notices and communication can be received and sent.
• Liability clause. This clause warns the customers that the liabilities of a certain company are limited
• Capital clause tis clause states that the amount of capital which the business can raise and the division of this capital into units of equal value.
• Declaration clause. This is a declaration signed by the promoters stating that they wish to form the company and undertake to buy shares in the proposed firm.
skilled writter answered the question on May 15, 2018 at 05:47
- Explain five types of cooperative societies in Kenya.(Solved)
Explain five types of cooperative societies in Kenya.
Date posted: May 15, 2018. Answers (1)
- State five merits and five demerits of consumer cooperatives(Solved)
State five merits and five demerits of consumer cooperatives
Date posted: May 15, 2018. Answers (1)
- Outline the purposes of producer cooperatives.(Solved)
Outline the purposes of producer cooperatives.
Date posted: May 15, 2018. Answers (1)
- State seven demerits of partnership.(Solved)
State seven demerits of partnership.
Date posted: May 15, 2018. Answers (1)
- List eight items contained in the partnership agreement(Solved)
List eight items contained in the partnership agreement
Date posted: May 15, 2018. Answers (1)
- State four advantages and four disadvantages of public corporations.(Solved)
State four advantages and four disadvantages of public corporations.
Date posted: May 15, 2018. Answers (1)
- Discuss five trends in forms of business units.(Solved)
Discuss five trends in forms of business units.
Date posted: May 15, 2018. Answers (1)
- Outline the factors an organisation might consider when choosing a supplier(Solved)
Outline the factors an organisation might consider when choosing a supplier
Date posted: May 14, 2018. Answers (1)
- Describe the methods of production.(Solved)
Describe the methods of production.
Date posted: May 14, 2018. Answers (1)
- Outline the objectives of a non-profit-making organisation(Solved)
Outline the objectives of a non-profit-making organisation
Date posted: May 14, 2018. Answers (1)
- Explain the benefits of training employees.(Solved)
Explain the benefits of training employees.
Date posted: May 14, 2018. Answers (1)
- Compare the use of internal and external methods of recruitment(Solved)
Compare the use of internal and external methods of recruitment
Date posted: May 14, 2018. Answers (1)
- Describe the documents that could be used in the recruitment process.(Solved)
Describe the documents that could be used in the recruitment process.
Date posted: May 14, 2018. Answers (1)
- Explain how internal factors could influence the success of the organization.(Solved)
Explain how internal factors could influence the success of the organization.
Date posted: May 13, 2018. Answers (1)
- Describe 3 methods of ensuring good customer service.(Solved)
Describe 3 methods of ensuring good customer service.
Date posted: May 13, 2018. Answers (1)
- Compare the features of a private limited company to a sole trader(Solved)
Compare the features of a private limited company to a sole trader
Date posted: May 13, 2018. Answers (1)
- Explain the benefits of branding to the business(Solved)
Explain the benefits of branding to the business
Date posted: May 13, 2018. Answers (1)
- How would you perform a risk assessment(Solved)
How would you perform a risk assessment
Date posted: May 13, 2018. Answers (1)
- How do you rank or prioritize the risks?(Solved)
How do you rank or prioritize the risks?
Date posted: May 13, 2018. Answers (1)
- Differentiate between qualitative and quantitative risk analysis methods, give an example of drawback and benefit for each. (Solved)
Differentiate between qualitative and quantitative risk analysis methods, give an example of drawback and benefit for each.
Date posted: May 13, 2018. Answers (1)