Mr. Lee wants to incorporate a company named as Air Farming Royal Ltd in United kingdom. Where he

owns 2500 shares and wants to award his friends Tom, Henry and James the remaining 500 shares

where they would be the minority shareholder. The suggested directors of the company are the

shareholders and Tom is to be appointed as the Managing Director of the Company.

You are asked to draw a report briefly explaining the following the matters with reference case laws.

1. The characteristics of a company

2. The distinction between a public company and a private company

3. The name which a company may use and the places in which the company name must be

displayed, and whether the suggested name can be used and reason for it.

4. How a company is formed.

5. The duties of the directors and Managing director.

6. At a time of dispute the rights of the minority shareholder.