WebDec 31, 2024 · ABC Company was incorporated on January 1,2024. The following are the ordinary share transactions during the year: Jan. 1 number of shares authorized 85,000 Feb. 2 number of shares issued. 65,000 June 1 number of shares reacquired but not retired 5,000 Dec 1 2 for 1 share split Incorporation is the legal process used to form a corporate entity or company. A corporationis the resulting legal entity that separates the firm's assets and income from its owners and investors. Corporations can be created in nearly all countries in the world and are usually identified as such by the use of terms … See more Incorporation is the broad term to describe a business registered with a state to become a separate legal entity. That business entity often … See more There are many steps to incorporating a business, each with its own degree of importance. Below are the following decisions and actions a business owner must take to … See more Incorporation involves drafting "articles of incorporation," which lists the primary purpose of the business and its location, along with the number of shares and class of stock being issued … See more
An Introduction of Company under the Companies Act 2013
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