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Share warrants

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Querist : Anonymous (Querist)
17 April 2010 What share warrants mean? Is it transferrable? Where this should be disclosed in balance sheet?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 April 2010 Share warrent is a bearer document of title to shares specified therein issued by a public compay limited by shares with the previous approval of central government with respect to any fully paid up shares. Since share warrant is a negotiable instument it is transferable by mere delivery.
For full details referance is invited to sections 114 and 115 of the Companies Act,1956.
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