Principles of Cooperative Society According to the cooperative society’s act 1925. “Cooperative society is a society which has its objectives the promotion of the common interest of its members in accordance with cooperative principles.” The fundamental principles of cooperative Society are as under. Voluntary Membership: The members of a cooperative society are voluntary. The individuals who […]
3 Methods of Winding up of a Company?
What is winding up of a company? Winding up of a company means the end of the life of a company. It is the permanent closing down of its business. A company is the creature of law. It, therefore, cannot die a nature death. The termination of its existence is affected by law. Thus winding […]
What is Debenture and its Types
What is Debenture and its Types What is Debenture The term debenture is derived from the latin word ‘debere’ which mean to owe a ‘debt’. A company may raise part of its capital by obtaining loans. The short term capital is mostly met by the company from the banks in the form of overdrafts and […]
What are the different Types of Shares
What is Shares: The capital of a company is divided into several small units and each unit is called a share, a share in a company is one of the units into which the total capital of the company is divided. A share thus means a share in the share capital of a company. According […]
Contents of Prospectus of a Company
What is Prospectus of a Company? After the receipt of Certificate of Incorporation from the Registrar of companies, the promoters of fa public company invite the public and financial institutions to subscribe to the capital of the company. This notice, advertisement or other document inviting offers for the subscription to the share capital of the company […]