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People also ask
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What is Section 43 of the Company Act?
Explanation - For the purposes of this section, equity share capital, with reference to any company limited by shares, means all share capital which is not preference share capital; preference share capital, with reference to any company limited by shares, means that part of the issued share capital of the company ...
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What is a share in the Companies Act?
540Shares. (1)In the Companies Acts“share”, in relation to a company, means share in the company's share capital. (2)A company's shares may no longer be converted into stock. (3)Stock created before the commencement of this Part may be reconverted into shares in ance with section 620. (4)In the Companies Acts—
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What is Section 627 of the Companies Act?
Power to obtain credit, whether on the security of the property of the company or otherwise. Taking out letters of administration, otherwise obtaining payment from contributory or debtor, etc.
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What are articles of incorporation in Jamaica?
The Articles of Incorporation, ( Form 1A,1B,1C or 1D) which sets out among other things, the core business of the company and the internal rules governing the company. The Business Registration Form (BRF1) the form allows the company to receive its TRN, TCC, NIS, NHT and HEART numbers.
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What is Section 48 8 of the companies Act?
Section 48(8)(a) of the Act requires that a decision of the board of a company to attend to a share buyback must be approved by a special resolution of the shareholders of such a company if any of the shares forming part of the buyback will be acquired from a director or prescribed officer of the company, or any person ...
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What is the share section of the companies Act?
Section 2(84) of the Companies Act, 2013 (hereinafter referred to as Act) “share” means a share in the share capital of a company and includes stock. It represents the interest of a shareholder in the company, measured for the purposes of liability and dividend.
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What is share section of company law?
The term share has been defined under Section 2(84) of the Act, which means a share in the share capital of the company and includes stock. It signifies the interests of the shareholders in the company, measured for the purposes of liability and dividends.
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What is the rule 8A of the companies incorporation rules 2014?
Rule 8A of the Rules provides the conditions where the company name is considered an undesirable name. The ROC will reject undesirable names. Rule 8B of the Rules lists words and expressions that cannot be used in the company name unless the company obtains previous approval from the Central Government.
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