Ricky Chadha (student) (121 Points)
15 January 2010Meaning of Share -
(1)share in the share capital of the company.
(2) 'Share' includes STOCK except where distinction between stock and shares is expressely implied.
I dint understand the (2) meaning.. what is the meaning of complete line and what does STOCK mean overher???
i have even heard converting share into stock..what does thiis mean?
santhosh
(CA)
(636 Points)
Replied 15 January 2010
Stock is a instrument it that consisted of number of Shares of the company.
Traditionally Stocks where very famous for trading (Bunch of Shares as one instrument (call it a lot of shares))
Now they are just not THERE.But people now use Stocks instead of shares,vice versa..
santhosh
(CA)
(636 Points)
Replied 15 January 2010
And in company law the provision is just there without any use.
Ricky Chadha
(student)
(121 Points)
Replied 15 January 2010
i am not able to catch the exact menaing of point 2.. can you brief it some more..
thanx!
CAclubindia
