This article will help you to learn about the difference between a government and a non-government company. Difference between Government Company and Non-Government Company Government Company 1. Ownership of Capital: Not less than 51% of the share capital is held by the Central Governments and/or one or more state Governments. 2. Auditing of Accounts: The accounts of Government companies are [...]
This article throws light upon the three important documents of a company. The documents are:- 1. Memorandum of Association 2. Articles of Association 3. Prospectus. Document # 1. Memorandum of Association: Memorandum of Association of a Company is one of the most important documents required to be filed with the Registrar of Companies at the time of formation of a [...]
A company may, if so authorised by its Articles, convert all or any of its fully paid-up shares into stock, and reconvert that stock into fully paid-up shares of any denomination. So every 'stock' is a 'share' while every 'share' may not be a 'stock'. The method of conversion of shares into stock is given below: 1. To pass a [...]