Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

1. Part of a Share Capital: Share is a part of a Share capital of the company. It is divided into equal small parts.
2. Interest in Company: Share represents shareholders’ financial interest in the company.
3. Movable Assets: Share is a movable asset which can be sold or purchased. It can be given as gift or donation.
4. Free Transfer: Share can be transferred freely. It is an important characteristic.
5. Right and Responsibility: The equity share holders have a right to get notice of meeting, to remain present in the meeting and have power to exercise voting rights. The shareholder has also responsibility to pay face value.