According to firms act a company means an organization formed and registered below firms act. This is a firm during which one man holds virtually the entire of the share capital of the company, and to be able to meet the statutory requirement of minimum number of members some dummy members like his spouse and son holds one or two shares each.
Utilizing a commission is a daring move and will provide the greatest alternative for the project supervisor and offer the greatest threat discount for the business owner. The risks and uncertainties described below are not the only ones facing our company.
As soon as the above-talked about decision and affidavit is filed on the Companies and Intellectual Property Fee (CIPC previously CIPRO), enterprise rescue has commenced and the Company is protected against creditors from the date on which the decision was filed.
However because a limited firm is a definite entity from its homeowners it could be a little bit easier for an organization to secure enterprise finance than it’s for his or her sole dealer counterparts. But the enterprise mannequin that was once a source of strength for the major carriers became a burden.
So they are …