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Companies Act 2013 - Share and Stock | 12th Commerce : Chapter 26 : Company Law and Secretarial Practice : Companies Act 2013

Chapter: 12th Commerce : Chapter 26 : Company Law and Secretarial Practice : Companies Act 2013

Share and Stock

The definition of the term ‘Share’ under the Companies Act, 1956 (Section 2(46)) includes ‘Stock’.

Share and Stock

The definition of the term ‘Share’ under the Companies Act, 1956 (Section 2(46)) includes ‘Stock’. A company can convert its shares into stock and vice versa by following the provisions of Table A (Articles 36-39). Stock is created from fully paid shares by passing an ordinary resolution in the general meeting. The Articles of Association of the company must permit this conversion.

 

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12th Commerce : Chapter 26 : Company Law and Secretarial Practice : Companies Act 2013 : Share and Stock | Companies Act 2013

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