19 June 2009
Hi, S. 114 of the Companies Act defines ‘share warrant’.
Share warrant is a document issued by a company certifying that the bearer is entitled to the shares specified in it. The name of the bearer will not appear on the register of members until he surrenders the warrant to the company in return for transfer of the shares, but he may still be regarded as a member of the company under the provisions of the Articles of Association.
The company is contractually bound to recognize the bearer as shareholder.
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