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CSEET · Business Laws and Management · Elements of Company Law

Which of the following is NOT required to be filed with the Registrar for registration of a company under section 7(1)?

An audited balance sheet of the preceding year is not required. Section 7(1) requires the signed memorandum and articles, declarations, particulars of subscribers and first directors, and an address for correspondence. A company not yet incorporated has no financial statements to file.

  1. AMemorandum and articles signed by all subscribers
  2. BDeclaration by a professional engaged in formation and by a person named in the articles as director, manager or secretary
  3. CAddress for correspondence till the registered office is established
  4. DAudited balance sheet of the proposed company for the preceding yearCorrect

Explanation

Section 7(1) lists the signed memorandum and articles, the compliance declaration, subscribers' declarations, the address for correspondence and particulars of subscribers and first directors. A company yet to be formed has no audited balance sheet, so none is required. The other three options are listed requirements.

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