Nature of shares or debentures
Section 44 of the Companies Act, 2013 deals with nature of shares or debentures. The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company. The Act came into force on 01 Apr 2014.
The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.
Section 44, The Companies Act, 2013 (Act 18 of 2013).
Judgments citing this section
These may be obiter dicta or a precedent, for you to study. These are the judgments where this section is quoted.
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… It is the case on behalf of the appellant that the appellant successfully converted into the public company on 23.11.2006 and it increased number of members from 3 to 7 and in terms of Section 44 of the Companies Act, 1956, it amended its Articles of Association to delete the restriction on free transferability of the shares and the same has been acknowledged by the Registrar of Companies (ROC) by acknowledgment dated 21.02.2007 and 03.03.2011 is concerned, it is required to be noted and as observed …
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… It is the case on behalf of the appellant that the appellant successfully converted into the public company on 23.11.2006 and it increased number of members from 3 to 7 and in terms of Section 44 of the Companies Act, 1956, it amended its Articles of Association to delete the restriction on free transferability of the shares and the same has been acknowledged by the Registrar of Companies (ROC) by acknowledgment dated 21.02.2007 and 03.03.2011 is concerned, it is required to be noted and as observed …
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… It is the case on behalf of the appellant that the appellant successfully converted into the public company on 23.11.2006 and it increased number of members from 3 to 7 and in terms of Section 44 of the Companies Act, 1956, it amended its Articles of Association to delete the restriction on free transferability of the shares and the same has been acknowledged by the Registrar of Companies (ROC) by acknowledgment dated 21.02.2007 and 03.03.2011 is concerned, it is required to be noted and as observed …
Made under this section, and citing it
3 instruments name this provision in its title or its text without being made under it.
Questions about Section 44
What does Section 44 of the Companies Act deal with?
Section 44 of the Companies Act is headed "Nature of shares or debentures". The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.
How do I find court cases under Section 44 of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 44, section 44 Companies Act, section 44 of the Companies Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 44 of the Companies Act, and has it changed?
3 instruments name it without being made under it, most recently No. 41/GST-2 Notification regarding Exemption of foreign airlines from not furnishing reconciliation statement in FORM GSTR-9C under the HGST Act, 2017 (2020), then Notification no. 09-2020 (2020).
When did Section 44 of the Companies Act come into force?
Section 44 of the Companies Act, cited as Companies Act 44, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.