Shares
*Definition
Ordinary share represent the ownership position in the
company. The holders of ordinary shares are called the shareholders and they are the legal owners of the company.
By a share it also means right to participate in the profits
made by a company, while it is a going concern and declares dividend, and in the assets of the company when it is wound up.
A stock is defined as consolidated value of fully paid up
shares of a member.
*Types of shares capital
Equity shares capital Preference shares capital: Preference share is the one
which satisfies the following c
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