UNIT III $$ The Incorporation Process

Learner Outcomes:

Upon successful completion of this unit, learners will be able to:

$(9$ hours$)$

$1.$ distinguish between the different types of corporations

$2.$ summarise the meaning of incorporation

$3.$ examine the consequences of incorporation

$4.$ evaluate situations when the courts are likely to lift the veil of incorporation;

$5.$ implement the legal requirements for the establishment of private and public companies

$6.$ design the constitutional documents required for registration of a company

$7.$ list the contents of the prospectus

$8.$ outline the remedies for misstatements in the company prospectus

$9.$ explain the legal rules relating to the duties of promoters and pre$-$incorporation contracts

$10.$ describe the three common methods of becoming a member of a company.