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Features of the fraction

The main features of the part are as follows
(1) The share would have been a part of the share capital of the company
(2) A fraction has a fixed value.
(3) The shares are initially issued after the amalgamation by the company. (4) Every fraction has a definite serial number through which it is known.
(5) Shares may be partly or wholly paid-up.
(6) All the shares of the same class have the same face value.
(7) The holders of the shares are the owners of the company.

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