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Ship

1). The property in a ship is divided into sixty-four shares; not more than sixty four persons may own a ship

Partition

v. Girija, AIR 1962 Mys 72. Is the determination of shares of the coparceners in the joint family. Actual division of

Limited liability

of railways, etc., have always limited the liability of each shareholder to the amount of the shares held by him. Similar

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trust

a trust created by the transfer of legal title to shares of stock to a trustee or trustees who exercise the

Royalty

respect of each article sold under the patent. Royalty is share of product or profit reserved by owner for permitting another

Private company

by its articles- (a) restricts the right to transfer its shares; and (b) limits the number of its members to 50,

Joint-stock Banks

ten persons. It is believed that the liability of the shareholders in chartered banks is in most if not in all

Cost-book mining companies

work a lode, assemble; they decide on the number of shares into which their capitalis to be divided, and the number

Part-owners, or co-owners

capable of subsisting or of being created in an undivided share in land and the beneficial interest in the property is

Company

up as in mentioned in the Act. Companies having a share capital are not entitled to commence business before the registrar

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