The difference between a company and an association is... ... company can deliver dividents to shareholders while an association cannot. ... an association is incorporated under the Companies Act 1997 and a company is not. ... a company is incorporated un the Associations Incorporations Act 1996 and an association is not. ... answer \#1 is false and answer \#2 is not. QUESTION 9 The setting up of a company involves essentially a 5 step process. True False QUESTION 10 The ROC has general powers to investigate and to take action during the course of, or after completing, an investigation. True False