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    Question

    What do "shares" refer to as per the definition given

    under section 2 of the Competition Act?
    A Shares that carry voting rights, including any security that entitles the holder to receive shares with voting rights, and stock unless otherwise specified Correct Answer Incorrect Answer
    B Only the shares in the share capital of a company without any voting rights Correct Answer Incorrect Answer
    C Only securities that can be converted into shares without voting rights Correct Answer Incorrect Answer
    D Any form of financial instrument related to company capital Correct Answer Incorrect Answer
    E Shares that do not provide any rights to the holder Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (v) "shares" means shares in the share capital of a company carrying voting rights and includes-(i) any security which entitles the holder to receive shares with voting rights; (ii) stock except where a distinction between stock and share is expressed or implied.

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