Transform your daily workflows and Share Company Constitution

Aug 6th, 2022
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How to Share Company Constitution

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in our last video on what the company is I talked about how a shareholder of a company is really just its owner but why is this so how did we get from owners to shareholders lets start with the idea of shares now lets say you and I get a pizza together and we agree to split the pizza equally between us we all know how this turns out I get half a pizza you get half a pizza in this situation you could say that weve divided the pizza into two equal shares and you and I get one share each this idea works with any number of pizza eaters if theres lets say four of us instead of two of us then well be splitting the pizza into four shares and each getting one share and if theres eight of us we each get one share out of the eight shares in it okay thats easy enough so how does this work for shares in companies well it works in exactly the same way the only difference is that instead of pizza eaters eating a pizza shareholders in a company share their control over the company well talk

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A constitution governs the internal management of a company. Specifically, it is a document specifying the rules that govern the relationship between the companys directors and its shareholders.
A share is the interest of a member in a company. Section 2(84) of the Companies Act, 2013 (hereinafter referred to as Act) share means a share in the share capital of a company and includes stock. It represents the interest of a shareholder in the company, measured for the purposes of liability and dividend.
The minimum quantity of shares that a company can issue is one. This is common when someone is setting up a limited company as the sole owner and director. The Companies Act 2006 does not provide an upper limit, so you can issue as many shares as you like, either during or after the incorporation process.
Today, the Companies Act requires that all registering businesses submit their constitution to the local registrar. The constitution will set the operating organizational structure of the business. The company constitution will often include the following information: The name of the company.
Corporate Constitution means the memorandum and articles of association of the Company currently in effect as of the date hereof.
The minimum quantity of shares that a company can issue is one. This is common when someone is setting up a limited company as the sole owner and director. The Companies Act 2006 does not provide an upper limit, so you can issue as many shares as you like, either during or after the incorporation process.

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