The administrative center of a company is divided straight into small units connected with fixed vale. These kinds of units are termed shares. According to section 2(14) with the Companies Act – “‘Share’ means share inside the share capital with the company. ”It is not a sum of money but an awareness measured by a sum of money and made up of rights contained in the contract. It can be a small part connected with capital. Though reveal has monitory importance, it is definitely not money. During liquidation, their capital is returned following the preference shareholders.
Lecture on Share
