Share warrent

SHARE WARRANT:


Issue of share warrant to bearer share warrent is a document issued by apublic company stating that is bearer is entitiled to the substitute for the specified there on it is transferable by mere delivered and is a substite for the share certificate.


CONDITIONS FOR THE SHARE CERTIFICATES:


1.The shares shall be fully paid up.


2.The articles shall authorised the issue of share warrents.


3.Prior approvel of the central goverment shall be obtained.


4.The share warrents shall be issued under the common seal of the company.


The holder of a share warent is entitled to the share specified therein and the shares may be transfered by delivered of the share warrent. it is a mercantile usage of negotiable instrument.