Weekly Newspaper

wwww. arushatimes.co.tz

issn 0856 - 9135
Issue No. 0933
December 10 - 16, 2016

Society

FREQUENTLY ASKED LAW QUESTIONS:

By Herry Makando,
An Advocate and Law advisor

Whether some companies can operate without share capital.

Yes they can. Not all companies have share capital. Some companies are established for nonprofit purposes example for relief of poverty, charity and the like. Such companies do not need share capital rather only a certain amount of cash as guarantee of their liabilities.

To receive an electronic copy of FALQ please send a blank email to herrylegal@gmail.com

Aim of this short column is to provide a general overview answer on various legal asked questions that recur in various law transactions or individually to readers. The answer given is not a substitute to the role of an Advocate or lawyer; please seek a Lawyer or Advocate whenever necessary.

 

 

 

 

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