GLOSSARY

INCORPORATOR

11 May 2016 By PDSNET

Under the old Companies Act, the people who started a company were known as the subscribers, because they "subscribed" to the memorandum and articles of association. The new Companies Act which came into effect in May 2011 changed this name to "incorporators". The details of a company's incorporators must be contained in any prospectus that the company issues in order to raise capital from the investing public. Their names, address, experience and qualifications must be stated for the record.

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