Corporate
29 terms with concise definitions
Articles of Association
TermLegal document that outlines a company’s internal rules and governance structure.
Authorized Capital
TermMaximum share capital a company is allowed to issue as per its charter.
Board Resolution
TermFormal decision passed by a company’s board of directors.
Certificate of Incorporation
TermLegal proof that a company is registered and incorporated.
Company Secretary
TermCompliance professional responsible for corporate governance and statutory filings.
Corporate Identification Number (CIN)
TermUnique 21-digit number assigned to companies registered in India.
Director Identification Number (DIN)
TermUnique number required for anyone appointed as a director in India.
Dividend
TermDistribution of a company’s profits to its shareholders.
Dormant Company
TermRegistered company with no significant operations, kept for future use.
Equity Share Capital
TermFunds raised by issuing shares that represent ownership in a company.
Holding Company
TermCompany that owns controlling interest in another company.
Incorporation
TermLegal process of forming a company or business entity.
Joint Venture
TermBusiness arrangement where two or more parties share ownership and control.
Key Managerial Personnel (KMP)
TermSenior executives legally recognized under company law.
LLP (Limited Liability Partnership)
TermBusiness structure combining partnership flexibility with limited liability.
MCA
TermMinistry of Corporate Affairs responsible for corporate regulation in India.
Memorandum of Association
TermCharter document stating a company’s objectives and scope.
Nominee Director
TermDirector appointed to represent a lender or investor’s interests.
One Person Company (OPC)
TermCompany type allowing single individual ownership with limited liability.
Ordinary Resolution
TermShareholder resolution passed by a simple majority.
Private Limited Company
TermCompany with restricted share transfer and limited number of shareholders.
Public Limited Company
TermCompany that can offer shares to the public and is listed or unlisted.
Quorum
TermMinimum number of members required to conduct a valid meeting.
ROC (Registrar of Companies)
TermAuthority that regulates companies and keeps their records.
Registered Office
TermOfficial address of a company where statutory communications are sent.
Related Party Transaction
TermTransaction between the company and its related entities or persons.
Resignation Letter (Director)
TermFormal notice given by a director to step down from the board.
Share Capital
TermFunds raised by issuing shares to shareholders.
Unclaimed Dividend
TermDividend declared but not claimed by shareholders within a period.