The literal meaning of share is ‘portion’ and in case of a company limited by shares, share means a part of the company’s share capital which has a fixed value. In other words, the capital of a company with a share capital is divided into parts of a fixed amount. They are called ‘Parts’; For example, if the capital of a company is ₹ 10,000 and it is divided into 1,000 parts of ₹ 10-10, then each share is called ‘Part’. Thus, share is the unit in which the entire share capital of the company is divided.
As per section 2(84) of the Companies Act, 2013, “share” means the share capital of the company.
share and includes inventory, unless there is a distinction between stock and share expressly or impliedly.” which represents the interest of a shareholder in the company and his rights, duties and liabilities thereon provides.”