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GLOSSARY CATEGORY

Corporate

29 terms with concise definitions

Articles of Association

Term

Legal document that outlines a company’s internal rules and governance structure.

Authorized Capital

Term

Maximum share capital a company is allowed to issue as per its charter.

Board Resolution

Term

Formal decision passed by a company’s board of directors.

Certificate of Incorporation

Term

Legal proof that a company is registered and incorporated.

Company Secretary

Term

Compliance professional responsible for corporate governance and statutory filings.

Corporate Identification Number (CIN)

Term

Unique 21-digit number assigned to companies registered in India.

Director Identification Number (DIN)

Term

Unique number required for anyone appointed as a director in India.

Dividend

Term

Distribution of a company’s profits to its shareholders.

Dormant Company

Term

Registered company with no significant operations, kept for future use.

Equity Share Capital

Term

Funds raised by issuing shares that represent ownership in a company.

Holding Company

Term

Company that owns controlling interest in another company.

Incorporation

Term

Legal process of forming a company or business entity.

Joint Venture

Term

Business arrangement where two or more parties share ownership and control.

Key Managerial Personnel (KMP)

Term

Senior executives legally recognized under company law.

LLP (Limited Liability Partnership)

Term

Business structure combining partnership flexibility with limited liability.

MCA

Term

Ministry of Corporate Affairs responsible for corporate regulation in India.

Memorandum of Association

Term

Charter document stating a company’s objectives and scope.

Nominee Director

Term

Director appointed to represent a lender or investor’s interests.

One Person Company (OPC)

Term

Company type allowing single individual ownership with limited liability.

Ordinary Resolution

Term

Shareholder resolution passed by a simple majority.

Private Limited Company

Term

Company with restricted share transfer and limited number of shareholders.

Public Limited Company

Term

Company that can offer shares to the public and is listed or unlisted.

Quorum

Term

Minimum number of members required to conduct a valid meeting.

ROC (Registrar of Companies)

Term

Authority that regulates companies and keeps their records.

Registered Office

Term

Official address of a company where statutory communications are sent.

Related Party Transaction

Term

Transaction between the company and its related entities or persons.

Resignation Letter (Director)

Term

Formal notice given by a director to step down from the board.

Share Capital

Term

Funds raised by issuing shares to shareholders.

Unclaimed Dividend

Term

Dividend declared but not claimed by shareholders within a period.