Meaning of a Company

Minimum Subscription

Companies raise money from the public for running business. The amount of issue is not some ad hoc amount, but a carefully calculated amount based on business requirements. Suppose you have to buy a dress, which costs ru. pees 1000. If you have rupees 800 only can you buy the dress? The answer is no. […]

Minimum Subscription Read More »

Types of Companies

There are three types of companies based on the no of members One Person Company This type of company has only one member which is a natural person. This type of company has the following characteristics Private Company The key characteristic of this type of company is non transferability of shares i.e its shares cannot

Types of Companies Read More »

Meaning of Company

A Company is an association of persons formed and registered under the companies Act. Association of Persons – A group of persons who come together for achieving a common objective. Companies Act – Act to regulate the affairs related to companies. The present companies act was formulated in 2013 Characteristics of a Company Separate Legal

Meaning of Company Read More »