a) Study the following facts and answer the subsequent question: (20 Marks) Carli wants to set up a company, however, she is not sure about the contractual obligations which need to be in place in order to set it up. The Company would be a private company. Advise Carli as to which contractual formalities she would need to comply with in order to endorse her application for registration at BIPA. You may refer to relevant sections from the Company's Act 28 of 2004