This article will help you to learn about the difference between shares and stocks. Difference between Shares and Stocks Share 1. Nominal values: Share has nominal value. 2. Fully paid-up: Share need not necessarily be fully paid-up. 3. Transferability: It is transferable as a whole. 4. Distinctive number: It has distinctive number by which it is distinguished from other shares. [...]
After reading this article you will learn about:- 1. Meaning of a Promoter 2. Functions of a Promoter 3. Legal Position 4. Rights 5. Duties 6. Liabilities 7. Preliminary Contracts. Meaning of a Promoter: The idea of carrying on a business which can be profitably undertaken is conceived either by a person or by a group of persons who are [...]
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 [...]