Multiple Choice Questions on As per companies act share includes a share in the share capital and also Includes ........ for SEBI Grade A ( Officer) Exam Preparation

Share capital and debentures

Companies Act-Phase (I & II)

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    As per companies act share includes a share in the share capital and also Includes:-

    Debentures

    Incorrect Answer

    Stocks

    Correct Answer

    Bunch of debentures

    Incorrect Answer

    Both a and b

    Incorrect Answer
    Explanation:

    As Section 2(84) of the Companies Act, 2013 (hereinafter referred to as Act) “share” means a share in the share capital of a company and includes stock. It represents the interest of a shareholder in the company, measured for the purposes of liability and dividend. It attaches various rights and liabilities.

    Share includes share in share capital and stocks. A group of shares which are traded in the share market are termed as stocks.


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