Company Law - 1

Special resolution should be passed by ¾ members of a company.

A company may become a holding company by acquiring 50% voting stock in another company to exercise control of its operations.
Thus, XYZ is a holding company. 

A company may remove the Chief Executive from his office. But, for this purpose, it has to pass special resolution.

Public companies start business only after getting certificate of commencement of business.

When two or more persons hold one or more shares in a company jointly, then they will be treated as a single member.

Redeemable capital shares include finance obtained on the basis of any security or obligation not based on interest, other than an ordinary share of a company.

If an advertisment invites public for the subscription or purchase of any shares, it is called a prospectus. 

CD-ROM and floppy containing the names of members of a company and debenture holders are books and paper, books of accounts and registers.

Certificate of incorporation is the conclusive evidence in case of a company that statutory requirements have compiled with.

Immediately after the issue of certificate of commencement of business, a private company can start its business.

A company can change its name at its own descretion by passing a special resolution.

Private company limits the number of its members to 50.

A holding company is a company that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.It is defined in the section 2 of Companies Act.

The balance sheets and income statements of companies across the globe are usually prepared for a period of one year, called financial year.

Summons, notices, requisitions are documents.