SECTION-44 (Nature of shares or debentures) under CHAPTER-IV (Share Capital and Debentures) of the 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."
Extra Notes for Readers
(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013)
(2) Section 44 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013)
(3) Further, refer the Companies (Share Capital and Debentures) Rules, 2014.
This page was last updated on 25th December 2016.