Advertisements
Advertisements
Question
State, with reasons, whether the following statements are True or False
The holder of share warrant may not be given full rights of membership.
Solution
True
Reasons: (1) Share warrant is a bearer document issued by the company, in place of share certificate.
(2) It is issued on demand of the shareholder when he surrenders his share certificate.
(3) The Share Certificate is cancelled and his name is removed also from the Register of Members simultaneously.
(4) This leads to cancellation of his rights like right to vote, attend meetings.
(5) He may enjoy curtailed rights as stated or permitted in the Articles of Association.
APPEARS IN
RELATED QUESTIONS
Share certificate and Share Warrant.
Write short note on Share certificate.
Handling demat shares is very time consuming.
Write notes on Share warrant.
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.
