how to learn share capital lesson easily ......
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Answer:
just read it!!! exclamatory exclamatory exclamatory
Solution SA 1
A public company is a company which offers a part of its ownership by issuing shares, debentures, bonds and securities to the public through the stock market. There must be at least seven members to form a public company. No restriction has been prescribed on the maximum number of members. There must be at least three directors in the company but not more than fifteen. The word 'Limited' is used as part of the name. According to the Companies Act, 1956, a public company is a company which
Is not a private company
Has a minimum paid up capital of Rs.5,00,000 or such higher paid up capital, as may be prescribed
Is a private company, being a subsidiary of a company which is not a private company. A public company should not be understood as a publicly-owned company, as the latter is exclusively owned and controlled by the government
A public company can be divided into two types:
Listed Company: A company whose shares are listed and traded in the stock exchange such as Gujarat Gas, Tata Motors, Reliance etc.
Unlisted Company: A company whose shares are not listed in the stock exchange and thus these shares cannot be traded in the stock exchange.