Section 2(84) of the Companies Act defines 'share' to include stock (which is the conversion of fully paid shares into a single fund). The definition covers equity shares, preference shares, and stock but does not extend to bonds, which are debt instruments rather than ownership instruments. Shares represent ownership/equity while bonds represent borrowing/debt — this fundamental distinction is key.

1. 1 Pick up Companies Act, 2013.
2. 2 Go to Section 2 (Definitions).
3. 3 Find clause (84) → 'share' means share in share capital and includes stock.
4. 4 Note what it DOESN'T include: bonds (debt instruments).

The text reads: Section 2(84) Companies Act: 'Share' means a share in the share capital of a company and includes stock.