In addition to the Companies and Other Business Entities Act (Chapter 24:31), (“the COBE Act” or “the Act”) one needs to be familiar with the Statutory Instrument 46 of 2020 on Companies and Other Business Entities (Pre – Formation and Post – Formation Formalities) Regulations, 2020 (“the regulations”) to understand pre-formation steps and post- formation formalities for private companies. This is quite important in business.
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