SHARES Definition: A share can be defined as the individual portion of the company’s capital owned by shareholders. It is the interest which a shareholder has in a company. In other words, share is a unit of capital measured by a sum of money. The Company Act defines a share as: “The interest in a…… Continue reading shares and types of share
public limited liability company or joint stock company
PUBLIC LIMITED LIABILITY COMPANY OR JOINT STOCK COMPANY, A public limited liability company led as one which by its articles allows the public to subscribe for its shares, must have a turn of seven persons but no maximum number is prescribed, allows the shares to be transferred and the name of the public limited…… Continue reading public limited liability company or joint stock company
PRIVATE LIMITED LIABILITY COMPANIES
PRIVATE LIMITED LIABILITY COMPANIES, Definition: A private limited liability company is defined as one which by its articles restricts the right to transfer its shares, limits the number of its shareholders from two to fifty, prohibits any invitation to the public to subscribe for its shares, and the name of the private liability company must…… Continue reading PRIVATE LIMITED LIABILITY COMPANIES
