cs final csp shares into stock


Posted on 02-04-2016        By ADMIN

cs final csp shares into stock STOCK Stock can be defined as, "stock is a bundle of fully paid shares put together for convenience". In other words, it is the aggregate of fully-paid shares of a company consolidated or put together for the purpose of facilitating its division and transfer in fraction of any denomination or amount.(i.e., for helping the stock holders to sub-divide and transfer their stocks in fractions or parts of any amount, even odd amount). Features of Stock: The main features of stock are: • A stock is the consolidated amount of fully-paid shares. In other words, it is the capital which consists of fully-paid shares put together for convenience. • There cannot be an original issue of stocks by a company. Only fully paid shares can be converted into stock. • A stock may be split up and transferred by the holders in fraction of any denomination or amount. • Stocks are not divided into uniform or equal denomination. • Stocks do no bear distinctive numbers.


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