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(I). Equity Shares
Equity shares refer to shares whose share holders are not entitled to be paid fixed amount of interest.
(ii). Share certificate.
Share Certificate is an instrument under the Seal of the Company; certifying that the person therein named is entitled to a certain number of shares. In other words; share certificate is a document issued by the company evidencing that a named person is the company member and stating the number of shares registered in his name and the extent to which they are paid up. Share Certificate is not negotiable.
NB: Share Warrant is a Certificate under the Seal of the Company.
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