Shareholder - Law Dictionary Search Results
Bonus shares
is retained by the company under the head of capital against the issue of further shares to its shareholders. Bonus shares have, therefore, been described as a distribution of capitalised undivided profit, Standard Chartered Bank v. Custodian,
Board of Directors
Board of Directors, means a group of individuals elected by the shareholders of a corporation to manage the corporation's business and appoint its officers, Webster's Dictionary of Law, Indian Edn.
Board
the Poor Law Acts, a Local Board under the Public Health Acts; or elected as directors by the shareholders in public companies. Means the Board of Directors of a Credit Information Company. [Credit Information Companies (Regulation) Act,
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Dividend
that falls to each individual a distribute sum share or percentage applied to the profits as appropriated among shareholders and to assets as apportioned among creditors as the dividend of a bank a railway corporation or a
Be capitalised and distributed
shows that the distribution of the bonus shares became effective as from 30th Dec., 1954. If the ordinary shareholders became the owners of the bonus shares on and after Jan. 1, 1955 or on some later date,
Bank-notes, or Bank-bills
used for purposes of forgery, see the (English) Forgery Act, 1913, ss. 2, 9. As to liability of shareholders in banks issuing bank notes see ante BANK.
Audit
of a railway company with the necessity, under s.101 of the Act of 1845, of the auditors being shareholders, and by s. 12 providing for the appointment of an auditor by the Board of Trade, upon application
Account or Accompt
at least once in every year a profit and loss account and balance sheet, to copies of which shareholders of all companies, except private companies, are entitled. See ss. 122 and 131 of the Act (and for
Capitalisation
into capital. The most common example of capitalisation of profits is by issuance of bonus shares to the shareholders, P.K. Badiani v. C.I.T., AIR 1977 SC 560 (565): (1976) 4 SCC 502.
Owner's equity
a business entity; the capital contributed by the owners plus any retained earnings. Also termed (in a corporation) shareholders' equity; stockholders' equity, Black's Law Dictionary, 7th Edn., p. 1131.
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