In terms of companies act of 2013, which one of the following is not true about the future of close companies

a) provision is made for vlose companies to convert into companies

b)member;s interest does not include sharing profits

c)member's investments is reflected as a percentage of members interest

d)upon registration of com panies Aact 2013, it will no longer be possible to register new close companies

Which of the documents is not relevant for the formation of a company?

a) notice of incorporation

b)solemmn declaration

c)registration certificate

d)financial report

Which of the following is not correct about company constitution?

a)It is only formal constitutive document

b)it forms a contract between director and the company

c)it limits the powers of directors

d)it is written by the parliament of Botswana