Q.For a shareholder shares are _____.

Shares are movable property (movable assets) of the shareholder — the correct option is (A).

The Companies Act expressly declares that the shares or other interest of a member in a company are movable property, transferable in the manner provided by the articles of association. A share is not a tangible immovable thing; it is a bundle of rights (to dividend, to vote, to a share in surplus) that the member owns …

The quotation on easy transferability of shares as the main object of a joint stock company is credited to Sir Francis Parmer (Palmer) — option (A).

One defining feature of a joint stock company is the free/easy transferability of its shares, which gives investors liquidity and encourages investment. The GSEB Class-12 Secretarial Practice text attributes the well-known statement — that the main object of starting a joint stock company is to provide easy transfer of shares to its members — to Sir Francis Parmer (Palmer), a noted author …