Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
MEANING OF SHARES
• Section 2(84)- share means a share in the share capital
of a company and includes stock
• Smallest unit in which the company’s capital is divided
• Represent the ownership of the company
• Stock- conversion of fully paid shares into the stock-
always fully paid
• Nature of shares- Regarded as goods u/s 2(7) of the
Sale of Goods Act, 1930
• Under Section 44 of this Act- movable transferable
property transferable in the manner provided under
AOA
Commissioner of Income Tax v. Standard
Vacuum Oil Co. [(1966) Comp. LJ 187 (SC)]
Share capital