Total equity capital of a company is divided into equal units of small denominations, each called a share. For example, in a company the total equity capital of Rs 2,00,00,000 is divided into 20,00,000 units of Rs 10 each. Each such unit of Rs 10 is called a Share. Thus, the company then is
said to have 20,00,000 equity shares of Rs 10 each. The holders of such shares are members of the company and have voting rights.
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