Day: October 1, 2018

  Nature & Management of Company Limited Nature of a Company Limited: A limited company is formed with the registered capital divided into shares, and the liability of the shareholders is limited to the amount (if any) that remains unpaid on the shares that are respectively held by them. Management of a Company Limited: Every limited company shall be managed by a director or directors under the control of the general meeting of shareholders and according to the regulations (Articles of Association) of the company. Amending the Company’s Memorandum & Articles of Association: After the company is duly registered at the DBD no regulations may be made and no additions to or alterations of the regulations or of the contents of the memorandum may be adopted except by passing a special resolution[1] at the general meeting of the shareholders (i.e. […]