This overview details stock exchange operations, shareholding, and company liabilities in the financial sector.
A 'share' is a part ownership in a company; a 'stock' is a number of shares considered together. The liability of the shareholders of a 'limited' company is limited to the extent of their shareholding. Unlike the proprietor of a proprietary firm or partners in a partnership firm, such shareholders are not responsible for the liabilities of the firm beyond the respective amounts of shares held by them. This paper defines in detail into the various aspects of stock Exchange operations.
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Shashi Kumar Shashi (2017) studied this question.
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