Mr Smith and Mr Faustus want to incorporate a company with the name SF Logistics(PVT) LTD for transportation of goods. The amount of authorized capital they decided was 10 million and the share capital will be 5.5 million @ share ration 40% for Mr Smith and 50% for Mr Faustus and 10% for outsiders. What procedure they had to follow to incorporate said company .Please also recommend the modes of winding up a company if the said subscribers/shareholders wanted to dissolve the company.

Answer rating: 100% (QA)

The partners can follow the given steps to incorporate their private limited company T... View the full answer