Flavors of Section 50 of Companies Act

Article of Association:
The Article of Association is one of the important documents in the company charter. It provides for the rules and regulations of the company and defines the company’s purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and handling financial records.

Member:
The members of the company are those whose name is entered in the company’s register of members. They are also the owners of the company. There are various persons who can be a member in the company such as: –

Minor
Company
Foreigners
Partnership firms
Trade unions
Insolvent
Hindu Undivided Family
Unpaid Shares:
When the shareholders get allotment of shares, they either pay complete price of the share or they only get an instalment of the amount. The amount that remain as dues on the shareholders are known as unpaid shares.

Voting Rights:
The section clearly specifies that every member of the company that are holding the equity share capital of the company shall have the right to vote on every resolution that is placed before the company. It also stated the value of the votes that are casted by each member of the company. The value of the vote is proportional to their shareholding. This implies that the more share you own, the more you will be heard in key decision that has the potential to affect the company’s course.

Share Capital:
The total amount a company generate after issuing the number of shares to its investor is referred as Share capital. There are two ways through which an investor can be the owner of the share:

Issued share capital
Subscribed share capital

To know more, visit at :https://www.registerkaro.in/post/section-50-of-companies-act-2013