Charactersitics of Share : The characteristics of share are as follows:
(1) Part of Share Capital: Share Capital of the company is divided in to small parts. Each part of share capital is called share.
(2) Form of Share: Share is a printed document. This document is called as share certificate. It includes name of the comapny, name of Shareholder, Number of Shares, Serial Number of Share certificate etc. information along with company seal.
(3) Interest in Company: Share represents shareholder’s financial interest in the company.
(4) Movable Assets: Share is a movable asset which can be sold or purchased. It can be given as gift or donation.
(5) Free Transfer: Share can be transferred freely. It is an important characteristics of a share.
(6) Right of Shareholder: The equity shareholder have a right to get notice of meeting to remain present in the meeting and have power to exercise voting rights.
(7) Responsibility of Shareholder : The shareholder has responsibility to pay face value of share.