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44 Nature of shares or debentures.

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CHAPTER IV

Section 44 of Companies Act 2013

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.

Short Notes:

  • This section came into force from September 12, 2013.
  • It seeks to provide that the shares and debentures are movable property transferable in a manner provided in the articles of a company.

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