A Company Is The Property Of The Shareholders Is An Exploded Myth

What is a company:
Generally, a company is a form of business organization. The actual definition varies from country to country and from academician to academician. Some of the definitions are:
• In the United States, a company is "a corporation—or, an association, partnership, or union—that carries on a commercial or industrial enterprise."
• In English law, and therefore in the Commonwealth realms, a company is a form of body corporate or corporation, generally registered under the Companies Acts or similar legislation. It does not include a partnership or any other unincorporated group of persons.
According to one source, "it may be formed by Act of Parliament, by Royal Charter, or by registration under company law (referred to as a limited liability or joint-stock company).
In Bangladesh a company is formed and run according to the ‘Company Act 1994.’
The main forms of companies are:
1. company limited by shares
2. limited-liability company
3. company limited by guarantee
4. company limited by guarantee with a share capital
5. Unlimited liability company.
Who is a Shareholder:
A shareholder or stockholder is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. A company's shareholders collectively own that company. Thus, such companies strive to enhance shareholder value and to maximize shareholders wealth.Shareholders are owners of the company. They have the right to vote and have a share of the profit.
A company is the property of the shareholders is an exploded myth:

The shareholder is the owner of the company. Previously, according to this theory it was held that the company was the property of the shareholder. If a person o ...
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