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1. Explain what is meant by the term, The Veil of Incorporation. 2. What statutory protection is offered to a third party who enters into

1. Explain what is meant by the term, The Veil of Incorporation.

2. What statutory protection is offered to a third party who enters into a contract with a person purporting to act on behalf of a company which is not yet formed?

3. What are bonus shares?

4. Why may a company wish to reduce its Share Capital?

5. For the purposesthe Incorporation of the Company, explain what is the Promoter duties.

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