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 [...]
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 [...]
After reading this article you will learn about the managing director and manager of a company. Managing Director: Section 2 (26) of the Companies Act defines a managing director as, "a director who, by virtue of an agreement with the company, or of a resolution passed by the company in general meeting, or by its board of directors, or by [...]