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    Question

    Which of the statements are correct relating to the

    nature of shares or debentures of a company?
    A Movable property Correct Answer Incorrect Answer
    B Freely transferrable Correct Answer Incorrect Answer
    C Transfer restricted by the AoA Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E All a, b & c Correct Answer Incorrect Answer

    Solution

    Companies Act  Section 44. Nature of shares or debentures- The shares or debenture or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.

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