Shareholders, shares and share capital

2018 ◽  
pp. 195-226
Author(s):  
Susan McLaughlin
Keyword(s):  
2019 ◽  
Vol 4 (1) ◽  
pp. 7-16
Author(s):  
Mariana Sehleanu

Foreign investments represent a well known topic in the literature which has resulted from their economic, financial, technological, managerial and social contribution at the national and regional level of the receptive country. North-West region is part of the richer and more developed regions of Romania. Based on the statistical data provided by NTRO (2018, p.24), North-West region of Romania is ranked on the third position by the number of companies with foreign participation in the share capital and on the fourth position in terms of the value of the total subscribed capital in companies with foreign participation. The main objective of our study is to analyze the distribution of the number of registered companies with foreign participation in the share capital between the counties of North-West region of Romania and also to analyze the evolution of the value of subscribed capital in companies with foreign participation in the share capital within the counties of this region. We also analyzed the evolution of some selected indicators that we consider relevant for assessing the level of economic development of the counties located in North-West region of Romania. After pointing out the existing disparities in the level of development of the region’s counties, an important finding of our study is that there are major intra-regional disparities regarding both the value of subscribed capital and the number of registered companies with foreign participation in the share capital. There is a clear separation between the counties Cluj, Bihor and the rest of the region’s counties. Between 1991 and 2017, Cluj and Bihor counties attracted the largest number of foreign investors and recorded the highest values of the total subscribed capital in companies with foreign participation. At the opposite pole there are Bistriţa-Năsăud and Sălaj counties. This paper also provides a ranking of North-West region’s counties according to the two aspects regarding foreign participation, subject to analysis, i.e. the number of registered companies with foreign participation in the share capital and the value of subscribed capital.


2011 ◽  
pp. 89-97
Author(s):  
David Frodsham ◽  
Heinrich Liechtenstein
Keyword(s):  

Author(s):  
Leslie Kosmin ◽  
Catherine Roberts

A scheme of compromise or arrangement may consist of a compromise or arrangement between a company and its creditors or any class of them, or between a company and its members, or any class of them. Schemes of arrangement are not a modern invention. The current legislative provisions are found in CA 2006, Part 26, ss 896–901 (inclusive), which is entitled ‘Arrangements and Reconstructions’, and which substantially reproduces the provisions in CA 1985, ss 425–427 with certain modifications to which reference will be made below. The statute applies the term ‘arrangement’ to include a reorganization of the company’s share capital by the consolidation of different classes of shares or by the division of shares into shares of different classes. CA 2006, Part 27, ss 902–941 (inclusive), deals separately with the provisions enabling the merger or division of a public company. The detailed practice and procedures governing applications for schemes of arrangement under Parts 26 and 27 are beyond the scope of this book and are referred to in this chapter only by way of summary.


Author(s):  
Leslie Kosmin ◽  
Catherine Roberts

The two key organs of a company are the board of directors and the members of the company exercising their constitutional rights in a general meeting. Company law attaches great significance to the due convening of general meetings of shareholders. The general meeting is the forum for considering many of the essential matters relating to the company’s affairs including increasing or reducing the share capital of the company, changes to the memorandum or articles of association, alterations to the composition of the board of directors, considering the content of the company’s financial statements and approving dividends.


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