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Essay text:
This sum becomes payable either where the company makes a call for funds or, in circumstances where the terms of issue of the shares provide for the payment of instalments, on the payment date. In the Private and Public Limited Companies, the shareholders choose the board of directors. In Public Limited Companies, the shareholders own the company as the share can be traded on Stock Exchange.
2- THE ROLE OF THE DIRECTORS:
The shareholders choose the board of directors, and then those directors choose the managing director. That is why you can have a director only in a company and not in the other types of business such as sole trader and partnership...
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