Question

Which of the statements are correct relating to the nature of shares or debentures of a company?

A Movable property Correct Answer Incorrect Answer
B Freely transferrable Correct Answer Incorrect Answer
C Transfer restricted by the AoA Correct Answer Incorrect Answer
D Both a & b Correct Answer Incorrect Answer
E All a, b & c Correct Answer Incorrect Answer

Solution

Companies Act  Section 44. Nature of shares or debentures- The shares or debenture or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.

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