Question

section 44 of the company act

Answer 1

Section 44 of the company acts ensures that the shares, debentures (bonds) or any other interest of any member of the company as movable property and the transfer depends on the manner provided by the articles of the company. A share could be for any amount and a member could buy any number of shares in a company. A debenture is like a bond that is issued by a public or private company with an assurance of some return on for their money. It’s not an assurance against any property but on a general faith.