Business Environment and Law-Share & Share Capital
Modes Of Acquiring Membership: -Share & Share Capital
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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.
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 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.
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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