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

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
Give the meaning and definition of Share.
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Answer

  • Meaning: -In general sense the amount of capital owned by a company is large, which is divided into smaller parts. Each of these parts means share.
  • Definition: According to the Companies Act 2013, “A share is a portion of a company's share capital which also includes stock. The company divides its share capital into smaller parts. Each of these is called a share. "

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