The concept of ‘Company’ or ‘Corporation’ in business isn’t new however was dealt with, in 4th century BC itself during ‘Arthashastra’ days. Its’ form obtained revamped over a time period based on the needs of business dynamics.
Further, as of now, in a lot of the listed companies, the shares are additionally transferable through Electronic mode i.e. via Depository Participants in dematerialized type as a substitute of bodily transfers. However, there are restrictions with respect to transferability of shares of a Private Limited Company that are dealt in chapter 2. It may be perpetual, or it may continue for a specified time to carry on a task or object as laid down within the Memorandum of Association. Perpetual succession, therefore, implies that the membership of a company may hold changing from time to time, but that shall not affect its continuity. Its members are its homeowners nevertheless they can be … Read More
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