Question

As per Section 2(84), "share" in a company includes:

• A. Debentures, Stocks
• B. Preference Shares, Bonds
• C. (1), (2), (3), (4)
• D. Only (3)

Hint:

Shares = ownership, Debentures = creditor relationship.

Answer 1

The Correct Option is B

Step 1: Section 2(84).
Defines share as interest in share capital, includes preference shares and bonds.

Step 2: Exclusion.
Debentures are debt instruments, not "share capital".

Step 3: Conclusion.
Thus, option (2) is correct.