Over Subscription: At the point when the quantity of debentures applied for is more than the quantity of debentures offered by the company to the general public, the issue is said to be oversubscribed. A company, in any case, can’t assign a bigger number of debentures than it has invited for subscription. However, any abundance … Read more
Issue of Debentures – Basic Concept Debenture is an instrument, which acknowledges a debt due from a company. It is issued under the common seal of the company and is duly signed by authorized signatory. It is an agreement for the repayment of principal sum of debenture and interest at a specified rate on a … Read more
Meaning of Debentures Debentures are an instrument, an acknowledgement of debt, issued under the common seal of the company which is duly signed by authorized signatory and is an agreement for the repayment of principal sum and interest at a specified rate on a specified date. According to Topham “A debenture is a document given … Read more
Meaning of Forfeiture of Shares Class A shareholder who subscribes to shares is required to make total amount payable for subscription of such shares, in various installments , which are agreed at the time of the issue, which can be as under : – At the time of Application ; At the time of Allotment … Read more
Meaning of Share Capital – Meaning of Share – Where the total capital of the company is divided into smaller units, then each such unit is known as a Share. Types of Share There are two types of Shares : – Equity Share Preference Share Difference between Equity Share and Preference Share Basis Equity Share … Read more
Issue of Shares The issue of shares is the procedure where enterprises dispense new shares to the shareholders. Shareholders can be either corporate or individuals. The enterprise keeps the standards specified by Companies Act 2013 while circulating the shares. The Issue of Prospectus, Receiving Applications and Allocation of Shares are three key strides of the … Read more
Nature and Classes of Shares Class 12 The nature and classes of share capital can be better understood once one is aware of what a share is.The shares are a unit which provides ownership interest to an individual in a company. The total share capital of a company is constituted of various smaller units known … Read more
Meaning of Share: When the total capacity of a company is divided into smaller units, then each smaller unit is known as Share. A share is a document, which acknowledges an ownership in a company. Types of Shares: There are two types of shares: Preference Shares Equity Shares Preference Shares: Preference Shares are those shares, … Read more
Meaning of a Company: A Company is an artificial entity created by a law which is distinct from it’s members and has the ability to carry a business in it’s own name. A Company can sue and can be sued, can borrow money, can open a bank account, has a common seal etc. Since it’s … Read more
Meaning of Company Formation: Since a Company is a legal entity therefore its formation requires various legal formalities and processes, which needs to complete. To fully understand, how the company is formed we will divide into 4 processes. For a public company and private company, the stages for formation of a company differ. A Private … Read more
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