and regulations for the internal management of a company. A company which does not have separate AOA may adopt Table A. Contents (i) Amount of shares, capital, value and type of shares (ii) Rights of each class of shareholders regarding voting, dividend, return of capital (iii) Rules regarding issue of shares and debentures (iv) Procedures as well as regulations in respect of making calls on shares. (v) Manner of transfer of shares (vi) Declaration of dividends (vii) Borrowing powers of the company (viii) Rules regarding the appointment, remuneration, removal of directors (ix) Procedure for conducting proxy, quorum, meetings etc., (x) Procedures concerning keeping of books and audits (xi) Seal of the company (xii) Procedures regarding the winding up of the company.
. Prospectus According to Section ( ) of the Companies Act, any document inviting the public to buy its shares or debentures comes under the definition of prospectus. It also applies to advertisements inviting deposits from the public. commerce - - .
. PM Contents A prospectus is “the only window through which a prospective investor can look into the soundness of a company’s venture”. Hence it must specify at least the following matters as per Schedule II: (i) The prospectus contains the main objectives of the company, the name and addresses of the signatories of the Memorandum of Association and the number of shares held by them. (ii) The name, addresses and occupation of directors and managing directors.
(iii) The number and classes of shares and debentures issued. (iv) The qualification share of directors and the interest of directors for the promotion of company. (v) The number, description and the document of shares or debentures which within the two preceding years have been agreed to be issued other than cash. (vi) The name and addresses of the vendors of any property acquired by the company and the amount paid or to be paid.
(vii) Particulars about the directors, secretaries and the treasures and their remuneration. (viii) The amount for the minimum subscription. (ix) If the company carrying on business, the length of time of such businesses. (x) The