PPL 501 - Law of Business Association I

4 Unit(s)


(a) Forms of Business Organization; Sole Proprietorship; Partnership; Incorporated Companies; Creation and Incidents. (b) Formation of companies; Certificate of Incorporation; Pre –incorporation contracts; promoter’s liability (c) Memorandum of Association; Doctrine of Ultra – Vires; alteration of Memorandum and the Objects clause (d) Articles of Association; Contractual effect of Memorandum and Articles; Alteration of Articles, (e) doctrine of constructive notice and in-house management (f) prospectus; statement in lieu of prospectus; Remedies for Misrepresentation (g) regulation of company matters: Corporate Affairs Commission (CAC), Securities and Exchange Commission (SEC).