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Contact usGlossary – M
Managing director of the Ltd.
Statutory authority of a limited liability company.
Duties of the managing director are to provide proper management of mandatory records and bookkeeping, of a list of members and to inform the members about the company. The managing director may be a partner or another person appointed by a Gen…
Memorandum of association
A document founding the business company.
In case of one founder the memorandum is replaced by the founder's deed.
Mutual Fund
A mutual fund is a collection of assets that belong to all owners of mutual fund shares, the shareholders, in proportion to shares owned.
Finances to the mutual fund are collected by an investment company. Mutual fund share is a security that represents a shareholder's share in the assets of a m…
