Legal Professionals In India
If any transfer of shares is allowed, the company limits the variety of its members to 50 and doesn’t entertain any invites to the public for subscribing any shares of the corporate. A company is said to be a private firm if it doesn’t enable its shareholders to switch shares. The directors supervise the day-to-day work and progress of the corporate. Due to the presence of a large number of members, all members can’t take part in the management of different affairs of the corporate. Any company can be thought of as an autonomous, self-governing and self-controlling group. However, the manner during which such transfer of shares is to be made must be provided and it may additionally include bona fide and reasonable restrictions on the rights of members for transfer of their shares. The shares can be freely transferred in case of a public firm.… Read More