Shares is a standard negotiable instrument when it comes to company management. Shares may be issued or bought, and when this happens, it must be recorded in a register. This register is known as a “Share register”. The shares register consists of information on each member of a company and the number of shares assigned to each person. The information provided on each individual in the register includes name and current address of such person; the date the person’s name entered in the record and the number of shares they are allotted.

The register provides other information on shares that include the date it was allotted; the number of shares allotted; the type or classes of shares allocated; number assigned to each claim. It must then indicate whether the shares are paid partially or fully.

Shares can hold shares beneficially or non-beneficially. It is beneficially if the benefits go directly to the beneficiary of a trust. In contrast, the stakes are non-beneficially, when received by an agent or trustee on behalf of the beneficiary.