Basics 4 min read
Follow on Public Offer & Rights Issue
Follow on public offer (FPO) An issuance of stock following a company’s Initial Public Offer is called a Follow on…
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Basics 2 min read
Allotment of Securities by Company [Section 39]
(1) No allotment of any securities of a company offered to the public for subscription shall be made unless the…
Basics 1 min read
Refund of Application Money
(1) If the stated minimum amount has not been subscribed and the sum payable on application is not received within…
Basics 1 min read
Issue of Application Forms for Securities [Section 33]
(1) No form of application for the purchase of any of the securities of a company shall be issued unless…
Basics 1 min read
Publication of Authorized, Subscribed and Paid-Up Capital [Section 60]
(1) Where any notice, advertisement or other official publication, or any business letter, billhead or letter paper of a company…
Basics 2 min read
Share Capital
No trading concern can run without capital. The divisions of share capital are: (i) Nominal or Authorized Capital. The amount of…
Basics 1 min read
Books of Account
Every company is required to keep at its registered office books of account. These books are to be maintained in…
Basics 2 min read
Statutory Books
Statutory books are those which a limited company is under statutory obligation to maintain at its registered office. The main…
Basics 3 min read
Accounting of Shares And Debentures
A company is a voluntary and autonomous association of certain persons with capital divided into numerous transferable shares formed to…
Basics 1 min read
Linking the Income and Balance Sheet
Generally, a balance sheet and an income statement are prepared and issued together because in a way they are twin…