Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
‘Share Certificate is the primary evidence for Shareholder’. - Give reason.
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Answer
A share certificate is a document issued under the common seal of the company. A company with this primary evidence accepts that the name of the individual mentioned in the share certificate is the genuine owner of the given number of shares of the mentioned value. Thus, share certificate is considered as primary evidence of ownership for shareholder.
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