The Capital of a Company is usually divided into certain indivisible units of a fixed amount, these units are called Shares and Stock is the aggregate of fully paid-up shares, consolidated and divided, for the purpose of convenient holding into different parts.
Difference / Distinction between Stock and Shares
No
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Stock
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Shares
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1
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Stock has no nominal Value
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Share has a nominal Value.
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2
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Stock is always fully paid up
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The shares may not be so.
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3
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Stock is transferable in small fractions
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The shares can only be transferred in round numbers
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4
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Stock may be of equal denomination.
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All shares are of equal denomination.
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5
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The fractions or parts of the stock do not bear any distinctive numbers.
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The shares always bear distinctive numbers.
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6
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Stock cannot be issued directly to the public
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Shares can be directly issued to the public.
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