The main object of the Companies Act 2013 is to consolidate and amend the law relating to companies so as to provide free access to entrepreneurs to the open global market, ensure transparency and accountability in the working of the companies and above all, to protect the interest of investors and stakeholders.
Corporation' means a body of person Associated for some purpose and considered as having rights and duties the and the capacity of succession. Thus, A corporation aggregate is made up of groups of persons. A corporation is a legal personality capable to enter into contract and can be sued or can sue at the time of its creation are at any subsequent period of its existence.
Difference between brokers and underwriters. The main differences between broker and underwriter can be summarised as follows -
A Broker is a person who buys...
There are two classes of Company's securities, first class is described as shares and second as debentures. Share and debenture holders both invest their money into the company and both get returns on their investmentKey differences between shareholders and debenture holders which are as follows -
Section 43 of the Companies Act 2013 provides that the issue of share capital of a company limited by shares will be of two kinds -
Equity Shares ( ordinary shares)
Preference Shares
Equity share capital shall be of two kinds -
The main point of distinction between a Company and a Partnership firm are as follow -
1. A company is a distinct person, but a partnership firm is not distinct from the persons who form it.
2. In a partnership, the property of the firm is the property of the individual members who are collectively entitled to it. In case of a company the property of belongs to the company and not the members.