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According to Section 44 of the Companies Act, 2013, shares in a company are considered:
  • a)
    Immovable property
  • b)
    Movable property
  • c)
    Public property
  • d)
    Private property
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
According to Section 44 of the Companies Act, 2013, shares in a compan...
According to Section 44 of the Companies Act, 2013, shares in a company are considered:
- Movable property: Shares are classified as movable property because they can be transferred from one person to another. This classification allows for the buying, selling, and trading of shares in the stock market. Unlike immovable property such as land or buildings, shares do not have a fixed physical location and can be easily exchanged, reflecting their nature as movable assets. This legal definition facilitates the liquidity and mobility of shares in financial markets.



     
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According to Section 44 of the Companies Act, 2013, shares in a company are considered:a)Immovable propertyb)Movable propertyc)Public propertyd)Private propertyCorrect answer is option 'B'. Can you explain this answer?
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