4.2 Meaning and Nature of a Share

A share = the member's interest in the company, measured by a sum of money — a bundle of rights (economic: dividend and winding-up surplus; governance: vote and information) against the company, not a title to its assets. Its nature: movable property (transferable — the Companies Act 2063's discipline), a chose-in-action's statutory personification; the shareholder's liability limited to its unpaid amount. The share is not the company's property — it is the shareholder's; the company's property is its own (Sumargi Parajuli, Unit 1).