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Documents Related to Formation of a Company — Secretarial Practice STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeDocuments Related to Formation of a Company1 Mark
Question
What is a lien on shares?
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Answer

Lien on shares means a company has a right of possession of shares when the member does not pay off his debts or liabilities to the company.

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