Explain briefly THREE documents that are needed by a company before it can be registered. – NABTEB QUESTION

The memorandum of association is the document that manages the external affairs of a company e.g. the name of the company, the objectives clause etc.

The article of association is a document that takes care of the internal affairs of a company. E.g. issue and transfer of shares, procedures for calling meeting.

The prospectus: This is an invitation to the general public to subscribe for the shares of the company. This is done through commercial and merchant banks.