_________ refer to the units into which the total share capital of a company is divided, and _____________includes Bonds and any other securities of a company whether constituting a charge on the assets of the company or not.
_________ refer to the units into which the total share capital of a company is divided, and _____________includes Bonds and any other securities of a company whether constituting a charge on the assets of the company or not.
Solution
✅ Correct Option: 2
A share is a unit into which total share capital is divided. Debenture, as defined in the Companies Act, includes debenture stock, bonds and any other securities of a company, whether or not they create a charge on its assets.
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