memorandum of association

1. Artificial Person: A company is an artificial person, which exists only in the eyes of law. The company carries business on its own behalf. It has a right to sue and can be sued, can have its own property and its own bank account. It can also own money ...

The capital of a joint stock company is divided into shares and called ‘Share Capital’. The share capital may be classified as below: (1) Nominal: This is the amount of the capital which is stated in Memorandum of Association and with which the company is registered. Nominal capital is the maximum ...