1. Reasons Why Floating Charge Is Important?
1.1. Reasons Why Floating Charge Is Important?
1.2. Allowing them to borrow even though they have no specific assets
1.3. Allows all types the company's assets
2. DEF:A debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest
3. DEBENTURES
3.1. CHARGES OF DEBENTURE
3.1.1. FIXED CHARGES
3.1.2. FLOATING CHARGES
3.2. Registration of charge
4. SHARE
4.1. DEF: THE AMOUNT OR ASSETS CONTRIBUTED TO THE COMPANY BY ITS MEMBER WHEN THEY SUBSCRIBE FOR SHARES IN THE COMPANY
4.2. TYPE OF SHARES
4.2.1. NOMINAL
4.2.2. ISSUED
4.2.3. UNISSUED
4.2.4. PAID UP
4.2.4.1. To attend general meeting and vote
4.2.5. CALLED UP
4.2.6. UNCALLED
4.2.7. RESERVE CAPITAL
4.2.8. CAPITAL RESERVE
4.3. CLASSES OF SHARE
4.3.1. ORDINARY SHARES
4.3.2. NON-VOTING SHARES
4.3.3. REDEEMABLE SHARES
4.3.4. PREFERENCE SHARE
4.3.5. MANAGEMENT SHARES
4.3.6. VOTING SHARES,DIVIDEND SHARES AND CAPITAL SHARES
4.4. RIGHTS
4.4.1. To a share of the company's profits
4.4.2. To a final distribution on winding up
4.4.3. That the company be run lawfully
5. CAPITAL
5.1. MAINTENANCE & REDUCTION OF CAPITAL
5.1.1. FOUNDATION
5.1.1.1. Maintain paid-up capital
5.1.1.2. Benefits of the creditors
5.1.1.3. Not to return the capital to shareholders
5.1.2. OPTIONS
5.1.2.1. INCREASED IN CAPITAL
5.1.2.2. CONSOLIDATION OF SHARES
5.1.2.2.1. Maintenance of capital
5.1.2.3. CONVERSION OF PAID-UP SHARE
5.1.2.4. SUBDIVISION OF SHARES
5.1.2.5. CANCELLATION OF SHARES
5.1.3. DEFERRED ORDINARY SHARES
5.1.4. Reduction of Capital
5.1.4.1. EXTINCTION OR REDUCTION OF THE UNPAID LIABILITY
5.1.4.2. CANCELLATION OF PAID UP SHARE CAPITAL
5.1.4.3. PAYMENT OR ANY PAID UP SHARE CAPITAL