• Ascertainment and determination of the company‟s name. This is necessary before the application or reservation of the name is made to the registrar.
• Determination whether the company is public or private. This is critical as it affects the contents of the articles of association.
• Determination whether liability is limited by shares or guarantee. For trading companies liability is limited by shares while non-trading companies are limited by guarantee.
• Determination whether the company shall have a share capital. This depends on:o Whether liability is limited by shares or guarantee.
o Intention of promoters.
Explain the preliminaries incidental to promotion of a company.
