Ans. 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.
