Read the below given details for learning about Reserve Capital, Subscribed Capital and Authorized Capital.

The following are the main distinctions between a partnership firm and a company.

The capital of the company can be divided into different units with definite value called shares. Holders of these shares are called shareholders or members of the company. There are two types of shares which a company may issue (1) Preference Shares (2) Equality Shares.

The main differences between Shares and Stocks are as follows

Statutory books are those which a limited company is under statutory obligation to maintain at its registered office. The main statutory books are

A prospectus means any document describe or issue as a prospectus and includes any notice, circular, advertisement or other documents inviting deposits from the public or inviting offers from the public for the subscription or purchase of shares in or debentures of a day corporate. The main contents of a prospectus are:

From the point of view of formation, the companies are of three kinds:

The following documents are to be filed with the Registrar of the Joint Stock Companies of the State in which the registered office of the company is to be situated.

The following are the main points of distinction between a private limited company and a public limited company :

A company is a voluntary and autonomous association of certain persons with capital divided into numerous transferable shares formed to carry out a particular purpose in common. It is an artificial person created by law to achieve the object for which it is formed. Section (1) (i) of the Companies Act, 1956 defines company as "Company formed and registered under any f the former Companies Acts." Thus it is an abstract person, invisible, intangible and existing only in the contemplation of law.