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प्रश्न
Write notes on Share warrant.
उत्तर
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.
APPEARS IN
संबंधित प्रश्न
Share certificate and Share Warrant.
Write short note on Share certificate.
Handling demat shares is very time consuming.
State, with reasons, whether the following statements are True or False
The holder of share warrant may not be given full rights of membership.
Write a letter of regret.
State, with reasons, whether the following statement is True or False.
Share Certificate is a bearer document.
The value of share which is written on the share certificate and mentioned in the memorandum of association.
Write a word / term/ phrase which can substitute the following statements.
Instrument of payment of interest.
Select the correct answer from the possible choices given below and rewrite the statements :
Issue of share warrant requires prior approval of the ___________.
SHARE CERTIFICATE SHARE WARRANT
Explain the procedure for issuing a share certificate.
Explain the procedure for issuing share warrant.
Specify the document which comes under the Negotiable Instrument Act.
