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Consider the following statements.
1. Transfer and transmission of shares are the same thing.
2. 'Stag' is a speculative person who applies for shares in a new issue expected to be over subscribed to make profit by selling such shares at a premium.
3. Stock is a bundle of fully paid shares put together for convenience.
Which of the statement(s) given above is/are correct?

Consider the following statements.
1. Transfer and transmission of shares are the same thing.
2. 'Stag' is a speculative person who applies for shares in a new issue expected to be over subscribed to make profit by selling such shares at a premium.
3. Stock is a bundle of fully paid shares put together for convenience.
Which of the statement(s) given above is/are correct? Correct Answer Both 2 and 3

Related Questions

Which of the following distinction(s) is/are not correct between public issue and rights issue? (A) In public issue, applications for shares are invited from the general public and in rights issue, the shares are offered to existing shareholders. (B) In public issue there is no question of any over-subscription and in rights issue the shares may be under subscribed or over subscribed leading to prorata allotment. (C) The price of public issue is generally less than the market price and in rights issue, the price is deliberately made less than the market price. (D) In a public issue, the communication of the issue is through prospectus or advertisements and in a rights issue the communication is between the company and the existing members of the company. Choose the most appropriate answer from the options given below:
In a survey of 250 persons it was found that 87 subscribed to The NYT, 61 subscribed to The TOI and 21 subscribed to The Guardian. A total of 36 subscribed to at least two of these newspaper and 13 subscribed to all three. How many persons did not subscribe to any of the three?
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. Two person X and Y together can make 25% of total number of bricks in 4.8 days. Another person Z can make 50 bricks in a day. What is the time taken by person X and Z together to make the total number of bricks? I. Dimensions of a brick is (3cm × 4cm × 5cm) while the dimension of a cuboids when all the bricks are put together is (72cm × 80cm × 50cm) and ratio of number of days taken by X and Y alone to make the total number of bricks is 3 : 2. II. The total number of bricks is 4800 and person Y can make 150 bricks in day. III. Total volume of all the bricks together is 1.008m3 and dimension of a bricks is (5cm × 6cm × 7cm) and time taken by Z to make total number of bricks is 200 % more than the total time taken by person Y to make total number of bricks.
The Balance Sheet of a company includes, among other item, 10% Redeemable Preference Share of Rs. 1,60,000 fully paid, share premium Rs. 1,000 and a revenue reserve of Rs. 1,31,000. The company decided to redeem the above shares at a premium of 5% by issue of new shares. If the new issue of shares is to be at a premium of 20%, the minimum amount of new issue will be
Five politicians F, K, H, M and D not necessary in the same order conducted a meeting to put various issues like Budget, Employment, Poverty, Digitalization and Security. They all are sitting around a circular table facing center. F who is not the neighbor of H and K, puts issue on employment. H who is sitting between D and K puts issue on digitalization. M does not put issue on poverty. The one who puts issue on security sits immediate right of the one who puts issue on Budget. Determine the immediate neighbor of person who puts issue on digitalization?
To constitute a matter of res judicata which of the following conditions must concur?
1. The matter directly and substantially in issue in the subsequent suit or issue must be the same matter which was directly and substantially in issue either actually (section 11, explanation III) or constructively (section 11, explanation IV) in the former suit
2. The former suit must have been a suit between the same parties under whom they or any of them claim. Explanation VI of Section 11 must be read with this condition
3. The parties as aforesaid must have litigated under the same title in the former suit
4. The court which decided the former suit must have been a court competent to try the subsequent suit of the suit in which such issue has been subsequently raised. Explanation II of section 11 is to be read with condition
5. The matter directly and substantially in issue in the subsequent suit must have been heard and finally decided by the court in the first suit. Explanation V of section 11 is to be read with this condition
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: India’s telecom watchdog has suggested regulation of all entities dealing with consumer data—devices such as iPhones, operating systems such as Android, browsers like Google’s Chrome and apps such as Facebook, Paytm, Uber or Zomato— by bringing them under licence conditions that apply to telecom service providers until a general data protection law is put in place by the government. Which of the following argument weakens the above statement in the best possible manner? Arguments: I. The Telecom Regulatory Authority of India (Trai) said the framework for protection of personal information is ‘not sufficient’ and that the issue of data ownership, privacy, and security is complex and multi-dimensional. It suggested expanding the ambit of licence conditions governing telcos to all entities handling customer information and empowerment of customers to keep their data secure. II. The telecom watchdog further said that individual users owned their data, or personal information, and entities such as devices were ‘mere custodians’ and do not have primary rights over that information. III. Telcos and internet service providers (ISPs) though welcomed recommendations that sought to bring app makers under the same regulations. However, content providers have been opposed to being brought under more regulation. 
P, Q and R together invested Rs. 50,000 for a business. P subscribed Rs. 4,000 more than Q while Q subscribed Rs. 5,000 more than R. What will be P's share if the total profit is Rs. 25,000 at the end of the year?
City High School must put together a debating team consisting of four debaters.There are candidates of equal ability : X,Y and Z who are all seniors; and A,B,C and D who are all juniors..The school requires that there should be two seniors and two juniors in the team.It is also necessary that all of the debaters be able to work with one another. *Debaters Y and A cannot work together. *Debaters Z and C cannot work together. *Debaters A and B cannot work together. which of the following statements must be false? 1.Debaters Y and C are never selected together. 2.Debaters Z and D are never selected together. 3.Debaters Z and D are never selected together.
AB Co. Ltd. forfeited Rs. 800 on 100 shares of Rs. 10 each fully paid. Out of the forfeited shares, 50 shares were issued for Rs. 5 each as fully paid. The amount to be transferred to capital reserve will be: