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 [...]
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 [...]