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Some considerations concerning the shares

Author

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  • Lupulescu Ana-Maria

    (Bucharest University of Economic Studies, Bucharest, Romania ana.lupulescu@drept.ase.ro)

Abstract

The registered capital of the company by shares is divided into fractions known as shares, which, unlike the parts of interests or social parts, represent negotiable instruments, presenting first of all the advantage of being negotiable and freely transferable, subject to limitations that could be introduced by the associates by the constitutive act. Therefore, in exchange for the contributions made to registered capital of the company by shares, the associates receive a number of shares corresponding to the value of these contributions, which represents a certain fraction of its registered capital. Taking into account the negotiable nature of the shares, the quality of shareholder derives and is more related to the quality of owner of shares, dissociating itself from that of signatory of the company’s constitutive act, obliged, inter alia, to make contributions, the latter quality being relevant only at the moment of incorporation of the company. Actually, during the existence of the company, the quality of owner of shares, and therefore of shareholder, can change significantly and uninterruptedly, depending on the operations performed with these titles, causing appropriate changes in the shareholder structure of the company.

Suggested Citation

  • Lupulescu Ana-Maria, 2021. "Some considerations concerning the shares," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 945-951, December.
    • Handle: RePEc:vrs:poicbe:v:15:y:2021:i:1:p:945-951:n:18
    DOI: 10.2478/picbe-2021-0088
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    References listed on IDEAS

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    1. Ana-Maria Lupulescu, 2019. "Some specific aspects concerning the company by shares," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 9(1), pages 79-90, March.
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