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ISSUE OF SHARES. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCISSUE OF SHARES.1 Mark
Question
What is lien on shares?
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Answer

Lien on shares means shareholders would not be allowed to transfer his shares unless they pay their debt to the company. Company retains the shares of such shareholders.

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