Enumerate the various exceptions to the “capital of limited company”

Shares Stock
·    These are units of capital.



·   Are issued directly by the company.


·    They need not be fully paid.


·   Are always numbered


· Fractions thereof are not transferable.

·  This is a set of shares put together in a bundle i.e. lumpsum holding.

·    Cannot be issued directly.


·  The shares in question must be fully paid.


·  Are not numbered.


· Fractions thereof are transferable.

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