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Business Environment and Law-Share & Share Capital

Modes Of Acquiring Membership: -Share & Share Capital

   Posted On :  14.05.2018 09:16 pm

By subscribing to the Memorandum of association..

Modes Of Acquiring Membership:
 
 
By subscribing to the Memorandum of association..
 
 
             By agreement and registration.
 
             By agreeing to purchase qualification shares.
 
 

Calls On Shares:

 
 
The company may ask for some payment at the time of application for shares (but money not less than 5 per cent of the nominal value) and another sum at allotment. The balance may be payable as and when called for.
 

Forfeiture Of Shares:

 
 
Forfeiture of shares means taking them away from the member. This is absolutely a serious step for not only does it deprive the shareholder of his property but also, unless the shares are re-issued, it involves a reduction of capital.
Tags : Business Environment and Law-Share & Share Capital
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