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What is Nature and Formation of Companies about?

A company is a separate legal entity from its shareholders and directors formed under the Companies Act 1994. The Act aims to inject discipline in management and protect investor interests. There are several types of companies including private and public limited companies. A private company limits members to 50, prohibits public share offers, and restricts share transfers. A public company has a minimum of 7 members, unlimited maximum, and can issue shares and debentures to the public.

Author

Mahmoda Mobarak

Language

EN