PPT: Share Capital and Debentures | Corporate & Other Laws for CA Intermediate PDF Download

 Page 1


SECTION 407: Definitions
SHARE CAPITAL AND 
DEBENTURES
Page 2


SECTION 407: Definitions
SHARE CAPITAL AND 
DEBENTURES
Section 44, 45 -
Nature of shares or debentures and numbering of 
shares.
Section 82, 83
Companies Act, 1956
Section 44, 45
Companies Act, 2013
,
NO CHANGE
Page 3


SECTION 407: Definitions
SHARE CAPITAL AND 
DEBENTURES
Section 44, 45 -
Nature of shares or debentures and numbering of 
shares.
Section 82, 83
Companies Act, 1956
Section 44, 45
Companies Act, 2013
,
NO CHANGE
Nature of shares or debentures and numbering of 
shares.
Section 44. The shares or debentures or other interest of any member in a company shall be 
movable property transferable in the manner provided by the articles of the company.
Section 45. Every share in a company having a share capital shall be distinguished by its 
distinctive number. 
Page 4


SECTION 407: Definitions
SHARE CAPITAL AND 
DEBENTURES
Section 44, 45 -
Nature of shares or debentures and numbering of 
shares.
Section 82, 83
Companies Act, 1956
Section 44, 45
Companies Act, 2013
,
NO CHANGE
Nature of shares or debentures and numbering of 
shares.
Section 44. The shares or debentures or other interest of any member in a company shall be 
movable property transferable in the manner provided by the articles of the company.
Section 45. Every share in a company having a share capital shall be distinguished by its 
distinctive number. 
Section 49, 50
Calls on shares of same class to be made on uniform basis & power 
of a company to accept unpaid share capital, although not called 
up.
Section 91,92 
Companies Act, 1956
Section 49, 50
Companies Act, 2013
NO CHANGE
Page 5


SECTION 407: Definitions
SHARE CAPITAL AND 
DEBENTURES
Section 44, 45 -
Nature of shares or debentures and numbering of 
shares.
Section 82, 83
Companies Act, 1956
Section 44, 45
Companies Act, 2013
,
NO CHANGE
Nature of shares or debentures and numbering of 
shares.
Section 44. The shares or debentures or other interest of any member in a company shall be 
movable property transferable in the manner provided by the articles of the company.
Section 45. Every share in a company having a share capital shall be distinguished by its 
distinctive number. 
Section 49, 50
Calls on shares of same class to be made on uniform basis & power 
of a company to accept unpaid share capital, although not called 
up.
Section 91,92 
Companies Act, 1956
Section 49, 50
Companies Act, 2013
NO CHANGE
Calls on shares of same class to be made on uniform 
basis & power of a company to accept unpaid share 
capital, although not called up.
Section 49: Where any calls for further share capital are made on the shares of a class, such calls 
shall be made on a uniform basis on all shares falling under that class.
Section 50 (1): A company may, if so authorised by its articles, accept from any member, the 
whole or a part of the amount remaining unpaid on any shares held by him, even if no part of 
that amount has been called up.
(2) A member of the company limited by shares shall not be entitled to any voting rights in 
respect of the amount paid by him under sub-section (1) until that amount has been called up.