Advertisement Remove all ads

Write Notes on Share Warrant. - Secretarial Practice

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

 Write notes on Share warrant. 

Advertisement Remove all ads

Solution

Share Warrant : (a) Meaning—A share warrant is a bearer document of title to shares, issued by a public company, under its common seal, duly stamped and signed by directors and secretary of company. (b) Issuing Authority—Only the public limited companies can issue share warrants. (c) Approval—The approval of the Central Government is required to issue share warrants. (d) Nature of Shares—A share warrant can be issued only in respect of fully paid up shares of a public limited company. (e) Transfer—As share warrant is a bearer document on which the name of the owner is not stated, so it can be transferred by mere delivery without following any legal procedure as in case of share certificate.

Concept: Issue of Share Certificate and Share Warrant
  Is there an error in this question or solution?

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×