Incorporation Practicalities

'Off the Shelf'
1. Premade companies
2. Quick
Documentation
1. Memorandum of association
  1. s8
2. articles of association
  1. s18
3. Registration appilcation
  1. s9
  2. Re Baby Moon
    1. Registered in England
  3. Rv Registrar of Companies
    1. 'Miss Whiplash'
    2. Not lawful intention
4. statement of compliance
  1. s13
Number
1. Never changes
2. Identifies company
Consideration
1. Headed paper
  1. s82
2. new bank account
3. issue of shares
4. Records
Pre-incorporation contracts
1. usually void
  1. CAs51
2. Panorama v Lane
  1. Cheap,Mean and Nasty
Promoters
1. Undisclosed investments
2. sell shares for their benefit
3. Erlanger v Sombrero Phosphate
  1. penalised for secret profit
  2. Now banks

Zusammenfassung der Ressource

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