Chapter: Depository System· Secretarial Practice

Demated shares are _____ .

Q.1 (D) (3) Demated shares are _____ .

A. non-transferable

B. fungible

C. bearer

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Answer: (b) fungible

Dematerialised shares have no distinctive numbers or certificate numbers. All shares of the same class of a company are identical and interchangeable, i.e. fungible.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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Demated shares are _____ .

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