The Companies Act places a very great variety of forms of companies at the disposal of businessmen. The requirements of business vary greatly: some people wish to limit their liability; others, while trading as a corporation, wish to be liable without limitation for the obligations which they have undertaken or the money entrusted to them; some businesses are large, others are small; in some instances the capital required for the business is provided by the promoters; in others it is contemplated inviting the public to contribute to the capital of the company; and in others again no initial capital is required; in some cases the owners of the business wish to manage it themselves; in others ownership and management are in different hands and the management is practically self-perpetuating (Palmer’s Company Law).
The aim of the Companies Act is to make available the form of corporate organization to company promoters pursuing these different purposes.
We can incorporate companies of different forms depending on client objectives. We adhere to the necessary due diligence requirements and maintain proper records for each company. Shareholders agreements are provided to further regulate rights, if and when necessary, between the owners and vis-a-vis their company. Important considerations regarding a company are share capital and debenture, membership and administration, arrangements and reconstructions and winding up.