Definition , Features , Advantages , Disadvantages , Classification , Details of it's classification , Economic Importance of Joint Stock
Company in Bangladesh
Economic Importance of Joint Stock
Company in Bangladesh
Economic importance of joint stock company in Bangladesh , Method of formation , Modes of winding up .
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Corporate environment Notes asper Bangalore university syllabus which help the students in knowing the Corporate Environment and culture that is prevailing in the Economy
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
2. Definition of Joint Stock CompanyDefinition of Joint Stock Company
Company means a company formed and
registered under this Act or existing company.
(Company Act, 1994)
A joint stock company is ‘an association of
many persons who contribute money or money’s
worth to a common stock and employ it for a common
purpose’. Joint Stock Company is a new venture in
the big business area. After industrial revolution,
there must be changed in the production system.
3. Definition of Joint Stock CompanyDefinition of Joint Stock Company
Justice Marshall : “A company is an artificial
being, invisible, intangible and existing only in
contemplation of law”.
Justice Lindley : “A company is a voluntary
association or an organization of many persons who
contribute money or moneys worth to a common stock
and employ it in some trade or business and who share
the profit or loss arising therefore”
4. 1. Corporate personality
2. Joint capital
3. Share capital
4. Transferability of share
5. Limited liability
6. Statutory responsibility
7. Number of shareholder
8. Independent nature of management
9. Democratic norm
10.Profit distribution
11.Tax payment
12. Dissolution
Features of a Joint Stock CompanyFeatures of a Joint Stock Company
5. Advantages of a Joint Stock CompanyAdvantages of a Joint Stock Company
The power and presence of corporations in American
business suggest that this form has certain advantages
over other forms of business ownership:
High amount of capital
Limited liability
Low risk investment
Perpetual succession
Separate entity
Transferability of share
Efficient management
Credit facility
6. As was true with the other forms of business organization ,
the corporation has some disadvantages. Some of the more
obvious ones follow:
1.Complexity of formation
2.Creation of monopoly business
3.Bureaucracy
4.Nepotism
5.High administrative cost
6.Overlook to the shareholder
7.Scope of fraud
8.Tide following of law
9.Expose of secrecy
Disadvantages of a Joint Stock CompanyDisadvantages of a Joint Stock Company
7. Classification of CompanyClassification of Company
Joint Stock Company
Chartered
Company
Statutory
Company
Registered
Company
Limited Company Unlimited Company
Private limited Company Public Limited Company
Company Limited by Share Company Limited by Guarantee
Others
Company
Special Company
Foreign Company
Unregistered
Company
Existing Company
8. Chartered companyChartered company
In 1844, the first Company Act was issued in the
England . A chartered company is a company which is
incorporated by royal charter obtained from the crown. This
type of company is in vogue in England a century ago. The
examples of such companies are:
The Chartered Bank of England
Chartered Mercantile Bank of India and
East India Company.
9. Statutory companyStatutory company
A company formed and regulated by the special Act of
legislature is known as a statutory company. Usually such
companies are formed for the purpose of maintaining and
accelerating the pace of economic development in the
country. The examples of statutory companies are as
follows:
Bangladesh Bank
Bangladesh Biman
BRTA
WASA
DESA
TNT
PDB
10. Registered CompanyRegistered Company
A registered company means a company formed and
registered under the companies Act 1994. Broadly there are two
types of registered companies from the view point of liabilities of
members:
1 . Limited company : A limited liability company of which the
liability of each member is limited to the face value of the share held
by him and the capital of the company is divided into the number of
shares. This type of company is two types:
Private Limited Company: A private limited company
means a company which by its articles of association,
a) Restricts the right to transfer the shares
b) Limits the number of its members to fifty excluding persons
who are in the employment of the company
c) Prohibits any invitation to the public to subscribe for the
shares or debentures of the company.
11. Public Limited Company: It is a voluntary Association
of at least seven or more persons, authorized and recognized
under the law as a separate legal entity apart from its owners
who agree to supply capital and share the profits or losses. A
public limited company may be of two types which are the
following:
a) A company limited by shares : It is a
company, of which the liability of each shareholder is limited to
the face value of the shares held by him. If he pays the full
amount of his share, he gets freed from any other liability.
b) A company limited by guarantee : A
company is called a company limited by guarantee, when each
shareholder undertakes to contribute a certain amount to the
liability of the company in the event of its being wound up
while he is a member, In this company which members are
bearing a company limited by guarantee, for the unpaid amount
of share they are liable. If they paid full amount of share they
are free from the liability. This organization is usually formed
for furthering the cause of education or some professional
cause.
12. 2. Unlimited Company: Unlimited Liability Company is a
company of which the liability of each shareholder is
unlimited- each shareholder is liable for the debts of the
company to an unlimited extent. In other words the liability
of the member extends beyond the face value of shares held
by him to his personal properties.
13. Differences between Private Limited andDifferences between Private Limited and
Public Limited CompanyPublic Limited Company
Particulars Private Limited Public Limited
1. Formation
2.Number of Members
3. Starting of work
4. Sales of share
5. prospectus
6. Transfer of shares
14. Differences between Private Limited andDifferences between Private Limited and
Public Limited CompanyPublic Limited Company
Particulars Private Limited Public Limited
7. Size of capital
8. Minimum capital
9. Board of director
10.Statutory meeting
11. Right of voting
12. Articles of association
15. Economic Importance of Joint Stock
Company in Bangladesh
Establishment of large scale business
Proper scope of investment
Encouraging savings and forming capital
Facilities of risk distribution
Creating opportunities of employment
Use of modern technology and techniques
Observing social responsibility
Establishing international relation
Developing management profession
16. Method of the Formation of a Joint Stock
Company
1. Promoting state : In the first stage, few persons
involve with the generating idea about the
formation of a company. The persons who
involve with the formation of company is called
promoter. In the initial state the promoters take
decision about the following:
Taking necessary decision
Collecting name clearance
17. 2. Preparation of documents: In this stage, the
promoters prepare two important documents which
as follows:
a)Memorandum of association :Memorandum
of association is a charter which contains the
fundamental conditions upon which the company is
incorporated. It includes company’s name, address,
amount of capital, objectives, rights and duties of
shareholders.
b)Articles of association : Articles of
association refers to the document which contains
rules and regulations for the internal administration
of the business.
18. c) Certificate of incorporation collection: In
this stage, the promoters collect registration form from the
registration office and submit it within thirty days with
some important documents. The important documents are as
follows:
A copy of memorandum of association
A copy of article of association
The name, address and profession of the promoters who
want to be director
A sign with declaration for obeying the duty as a
director
A agreement for collecting share of competence
A declaration of obeying all the rules and regulations for
promoting the company by a lawyer.
19. 4. Certificate of commence collection: In this
stage, the promoters of a public limited company
prepare a prospectus. The company wants to collect
capital by issuing share to the pubic by taking
permission from the Security and Exchange
Commission. For collecting the certificate of
commencement, the promoters submit few
documents with application which are as follows:
¤ Minimum capital is collected and the directors
are collected the share in cash.
¤ Prospectus or like declaration for collecting
shares from the public.
5. Commence collection : After getting letter of
commencement the company start the work.
20. Definition of Minimum SubscriptionDefinition of Minimum Subscription
Minimum subscription is the amount of
money is to be collected share subscription for
starting a joint stock company . The minimum
amount of money is collected by the promoters of
the company in the articles of association and
prospectus according to the companies act.
21. Prospectus is an appeal to the public to subscribe
shares or debentures offered to the public. The main
objective of prospectus is to persuade the people to
purchase shares and to give all necessary information to
guide the potential investors.
According to the Companies Act-1994, Section-
142, “Document containing offer of shares or debentures
for sale to be deemed a prospectus”.
A public limited company, after its registration,
issues the prospectus to the public with a view to draw
their attention and creating confidence in their minds for
subscribing shares or debentures on behalf their company.
Meaning of ProspectusMeaning of Prospectus
22. Contents of ProspectusContents of Prospectus
• Name of the company
• Address of the registered office
• Objectives of the company
• Name, address and profession of the promoters
• Short description of memorandum of association
• Short description of articles of association
• Name, address and profession of board of directors
and managing director
• Name, address and profession of profession
• Salaries and compensation of the directors
• Authorized capital of the company
• Signature of the directors
23. Contents of ProspectusContents of Prospectus
• Classification of share and amount of capital involved
with the each share
• Name and address of the bank, broker, auditor and
accountant
• Rules of inspection of accounts
• Description about the contract with the other company
• Preliminary expenses for forming the company
• Reserve fund and way of converting fund to capital
• Profit-loss and final accounts for the existing company
• Time and date for receiving application for subscribing
shares and debentures
• Date of issue of prospectus
• Specimen copy of applications of share and debenture
24. Definition of ShareDefinition of Share
Share means small parts of total capital of a company.
The company collect big amount of capital by issuing
shares to the public.
According to the Companies Act-1994, Section-2(1) :
“Share means a share in the capital of the company, and
includes stock except when a distinction between stock
and shares is expressed or implied”.
25. DebentureDebenture
Any instrument under seal evidencing a deed ,
the essence of it being the admission of indebtedness.
Debenture includes debenture stock , bonds and
any other securities of a company , whether
constituting a charge on the assets of company or
not.
26. Underwriting / UnderwriterUnderwriting / Underwriter
The term underwriter means any person who
has purchased from an issuer with a view to , or
sells for an issuer in connection with .
Underwriter means a financial institution ,
usually an issuing house or merchant bank that
guarantees to buy a proportion of any unsold shares
when a new issue is offered to the public .
27. Pattern of Company ManagementPattern of Company Management
Shareholder
Board of Director
Managing Director
General Manager
Divisional Mgt
Purchase
Divisional Mgt
Sales
Divisional Mgt
HRM
Divisional Mgt
Finance
28. Modes of winding upModes of winding up
There are three methods of winding up a Company :
1.Compulsory winding up by Court.
2.Voluntary winding up by members themselves
or by the creditors .
3.Voluntary winding up under the supervision of
the Court.
29. Compulsory winding upCompulsory winding up
Compulsory winding up takes place when a Company is
directed to be wound up by an order of Court
A company may be wound up by the court under the
following circumstances :
1. Special Resolution of the Company
2. Default
3. Not Commencing or Suspending the Company (within
the incorporation )
4. Reduction of members
5. Inability to pay debts
6. The just and equitable clause (incorporation fail ,
exercise power unfairly , illegal business)
30. Voluntary winding up by membersVoluntary winding up by members
themselves or by the creditorsthemselves or by the creditors
Voluntary winding up means winding up by the
members themselves without the intervention of the court . A
company can be wound up voluntarily under the following
cases :
1. By an Ordinary Resolution of the members passed in a
general meeting
Company duration fixed - Expired duration
Any event - event occurred.
2. By a Special Resolution passed by the members in all
other cases. (private cases )
31. Voluntary winding up under theVoluntary winding up under the
supervision of the Courtsupervision of the Court
At any time after a company has passed a
resolution for Voluntary winding up , the court may
make an order that the voluntary winding up shall
continue but subject to supervision of the Court.
The supervision order is usually made for the
protection of the creditors and contributories of the
company.