11 terms with concise definitions
Annual General Meeting — a yearly meeting of a company's shareholders required under Section 96 of the Companies Act, 2013.
The collective body of elected or appointed directors legally responsible for managing the affairs of a company.
Free additional shares issued to existing shareholders in proportion to their existing holdings, capitalised from the company's reserves.
Extraordinary General Meeting — any general meeting of shareholders other than the AGM, convened to discuss urgent or special business.
Employee Stock Option Plan — a scheme allowing employees to purchase shares of the company at a pre-determined price within a specified period.
A non-executive director of a company who has no material relationship with the company and is not part of the promoter group, as defined under Section 149(6) of the Companies Act, 2013.
Limited Liability Partnership — a hybrid entity combining the benefits of a company (limited liability) and a partnership (flexible governance), governed by the LLP Act, 2008.
Ministry of Corporate Affairs — the central government ministry responsible for administering the Companies Act 2013, LLP Act 2008, and other corporate laws in India.
One Person Company — a private company with only one member (Section 2(62) of the Companies Act, 2013).
A company that restricts the right to transfer its shares, limits the number of members to 200, and prohibits any invitation to the public to subscribe to its shares or debentures.
Registrar of Companies — the authority under the Ministry of Corporate Affairs responsible for regulating companies and LLPs in India.
