Sections 44 and 45 of Companies Act 2013

Section 44.

Nature of shares or debentures.

The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.

Section 45.

Numbering of shares.

Every share in a company having a share capital shall be distinguished by its distinctive number:

Provided that nothing in this section shall apply to a share held by a person whose name is entered as holder of beneficial interest in such share in the records of a depository.