Formation of joint stock companies

The formation of joint-stock   companies   involves legal documents   and these include:

2. Memorandum of association (MOA). This clearly  lays  down  the  name  of the company   with  the word  limited  at the end, the location  of the business,  amount  of capital  to be contributed   by each shareholder,  purpose  of the business  and the signatures  of all the  shareholders.
3. Articles of association (AOA). This is the document which lays down the rules and regulations governing  company.   It spells  out  the  rights  and  powers  of  each  shareholder,   the  procedures    of calling  and conducting   general  meetings,  powers  of the executive   and rules regarding   the election of the executive  members.
4. Certificate of incorporation (COl). This is issued by the registrar  of companies   after paying   the registration    fee by the promoters    of the company.   It gives   the company   a legal   entity   and authorizes it to begin floating the shares to the public so as to raise capital.
5. Prospectus. This document   invites  the general  public  to come  and  buy  shares  from  the  company. This is done after registration   of the company to raise the required   capital start business.
6. Certificate of trading (C0T). This   is the document   which   empowers    the company    to start business operations.   It is issued  by  the  registrar  of companies   after  the  company   has  raised  the minimum  share  capital  required.