Ch# 05 Share capital

Question 1

Share Characteristics?

Answer 1

CUT FM

Certificate of share
Unique number (Distinctive number)
Transferable

Fully paid
Movable property

Question 2

Procedure of alteration of ASC in MOA?

Answer 2

ASC

Articles
Special resolution
Copy of memorandum

Question 3

Ways in which ASC may be altered?

Answer 3

CDC SIR

Cancel
Divide
Consolidate

Sub-divide
Increase
Rights