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Describe the ways in which a corporation may be established.

      

Describe the ways in which a corporation may be established.

  

Answers


Maurice
(a) By registration: these are companies incorporated pursuant to the provisions of
the Companies Act. Their creation is evidenced by a certificate of incorporation. The company may be public or private.

(b) By statute: these are corporations created by Acts of parliament. The Act establishes
the body, gives it a name and prescribes its objects. For example, Kenya Wildlife Services, Kenya
Revenue Authority.

(c) By charter: these are private universities that have been given a charter in accordance
with the Universities Act.,for example Catholic University for Eastern Africa.
maurice.mutuku answered the question on April 28, 2018 at 12:57


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