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Chapter 7

Corporations and legal personality

Chapter learning objectives

Upon completion of this chapter you will be able to:

 explain the meaning and effect of limited liability

 explain meaning of LLPs and compare companies and partnerships

 analyse the different types of companies, especially public and private
companies

 illustrate the effect of separate personality

 recognise instances where separate personality will be ignored

 explain the role and duties of company promoters

 describe the procedure for registering companies, both public and private

 describe the contents of model articles of association

 analyse the effect of a company’s articles

 explain how articles of association can be changed

 describe the statutory books, records and returns that companies must keep or
make.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 7 of your Study Text

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