warrant share

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BHARTI (Querist)
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18 June 2009 what is share warrant.

i know it is treated like bearer cheque.

i need more explanation about its use and purpose why it is created and who can be created and in what condition.

who can claim dividend on share warrant.

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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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.

You can get more info in this link:

https://www.caclubindia.com/forum/message_display.asp?group_id=18195

Rgds

Ankur Garg

Ankur Garg (Expert)
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19 June 2009 Dividend coupans are attached with share warrant in order to claim dividend.

Regards

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