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What makes up share capital in a company?
Therefore, a share, or share capital, is not a sum of money, and not just the interest of the shareholder in a company, but also represents a set of rights and liabilities. [ 9] Prior to the enactment of the Companies Act, 1956, there were three kinds of shares.
How are shares defined in the Companies Act?
Share is defined in Section 2(46) of the Companies Act, 1956 as, “‘share’ means share in the share capital of a company, and includes stock except where a distinction between stock and shares is expressed or implied.” [4] Shares are considered as goods under S 2(7) of the Sale of Goods Act, 1930,...
Is it legal to share a shared essay?
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Last Update: Oct 2021
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