FINANCIAL STRUCTURE AND MEMBERSHIP - I - CONCEPT OF CAPITAL AND FINANCING OF COMPANIES.

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....xpressed or implied" [Section 2(46)] Company Limited by shares issue two classes of shares (Section 86) * Preference Share Capital (Section 85[1]) i) Participating and Non - participating ii) Cumulative and Non - cumulative iii) Redeemable and Non - Redeemable 2. Equity Share Capital (Section 85 {2} 3. Sweat Equity Shares - Issue of class of shares already issued - (Section 79A) An....

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.... - Public issue of Unlisted Company - at least 10% or 25% of the post issue capital Issue to be made fully Paid - up Entire subscription money is called within 12 Months from the date of allotment unless the size is more than Rs. 500 Crore Issue to be Open- Within 3 months from the date of issuance of observation letter by SEBI Post issue monitoring report- Information to Lead merchant ba....

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....ption Scheme - Section 2 (15A) Option given to Whole Time Directors, Officers or Employees of a company, which gives right/benefit to purchase at future date at pre-determined price. Alteration of Share Capital - Section 94 Increase, Consolidate, Divide, Convert, Cancel Power of Alteration - Can be exercised by the members only if authorized by Articles. Conversion of Shares into Stock - Sect....