Table of Contents
MGT111 MIDTERM PAST PAPERS
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Introduction To Public Administration:
A “company limited by shares” is a company in which the liability of the members (shareholders) of the company is limited to the amount of share capital it put in, which means that the owners will suffer a loss only to the extent of the amount contributed as capital in case of closure of the company and its assets are insufficient to pay off its liabilities.
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MGT111 MIDTERM PAST PAPERS:
In the second step, a memorandum and articles of association are prepared, which are signed by the sponsors
(first shareholders) of the company. 3 In the third step, memorandum and articles along with some other forms are filed with the SECP Registration.
MGT111 MIDTERM SOLVED PAPERS:
A partnership agreement is a contract between the persons forming the company (founders / first shareholders). It is a basic document and the company’s business is conducted within the limits defined by this document. However, shareholders can make changes to the articles of the association until following a set procedure.