1.A friend of yours, currently running his car repair business as a sole trader, wants to form a private limited company. Draft a report briefly explaining the following matters: -

a) The legislation which authorises and empowers the formation of a company.

b) The documents and information which must be submitted.

c) The importance of articles of association.

d) The extent to which a shareholder can be liable for the debts of a company.

Marks: 10

Please identify the key issues in the above case inn detail, answer all the sub-question and add case references to the issues identified.