708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...
708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...
708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...
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A shareholder's liability shall be limited to the amount of the subscription price<br />
of the shares he/she holds.<br />
• Total Number of Authorized Shares<br />
A Stock Company may not abolish the provisions on the Total Number of<br />
Authorized Shares by amending its articles of incorporation.<br />
2) Civil Code (Act No. 89 of 1896)<br />
General provision<br />
Common Provisions<br />
This Code must be construed in accordance with honoring the dignity of<br />
Individuals and the essential equality of both sexes.<br />
Section I Capacity to Hold Rights<br />
The enjoyment of private rights shall commence at birth.Unless otherwise<br />
provided by applicable laws, regulations or treaties, foreign nationals shall<br />
enjoy private rights.<br />
Section II Capacity to Act<br />
• Age of Majority<br />
The age of majority is reached when a person has reached the age of 20.<br />
• Permission for Minors to Carry on Business<br />
A minor who is permitted to carry on one or more kinds of business shall<br />
have the same capacity to act as a person of the age of majority as far as<br />
such business is concerned.<br />
Section III Domicile<br />
• Domicile<br />
The principal place wherein a person lives shall be his/her domicile.<br />
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