After reading this article you will learn about:- 1. Definition of Directors 2. Number of Directors 3. Legal Position/Status 4. Restriction on Appointment 5. Qualification 6. Disqualification 7. Restriction of Number of Directorship 8. Vacation of Office 9. Resignation. Definition of Directors: The directors are the persons elected by the shareholders to direct, conduct, manage or supervise the affairs of [...]
Alteration in the capital clause of Memorandum of Association of a company may be of the following types: 1. Alteration of Share Capital 2. Reduction in Share Capital 3. Reserve Capital or Reserve Liability 4. Variation of the Rights of Shareholders 5. Reorganisation of Capital. Type # 1. Alteration of Share Capital: Under Section 94 of the Companies Act, a [...]
After reading this article you will learn about:- 1. Meaning of Share Capital 2. Types/Nature of Share Capital 3. Classes. Meaning of Share Capital: The term capital usually means a particular amount of money with which a business is started. In Indian Companies Act, it has been used in different senses in various parts of the Act, but in general [...]