The shares2(84) Share means a share in the share capital of a company and includes stock or debenture2(30) Debenture, includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not

Provided that— (a) the instruments referred to in Chapter III-D of the Reserve Bank of India Act, 1934; and

(b) such other instrument, as may be prescribed by the Central Government in consultation with Reserve Bank of India, issued by a company,

shall not be treated as debenture; or other interest of any member2(55) Member, in relation to a company, means— (i) the subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration, shall be entered as member in its register of members;

(ii) every other person who agrees in writing to become a member of the company and whose name is entered in the register of members of the company;

(iii) every person holding shares of the company and whose name is entered as a beneficial owner in the records of a depository in a companyCompany means a company incorporated under this Act or under any previous company law shall be movable property transferable in the manner provided by the articlesArticles means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act of the company.

Enforcement notification S.O.2754 (E) dated 12/09/2013