Respuesta :

iam9uezz

Answer:

The purposes of the Act and King 111 are, inter alia, to promote compliance with the Bill of Rights as provided for in the Constitution in the application of company law, to encourage transparency and high standards of corporate governance and provide for the balancing of rights and obligations of shareholders

Tundexi

The Companies Act guides the method of incorporation, registration, and management of companies.

What is the Companies Act?

The Companies Act is a legislation that regulates how corporations, investors, shareholders, employees, creditors etc can operate in the country's territory.

Some purpose of the Companies Act in every country includes:

  • provides guide for incorporation, registration, organisation and management of companies,
  • states the level of capitalization of profit companies,
  • provide registration guides for offices of foreign companies doing business etc

Read more about Companies Act

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