A share warrant is a document issued under a common seal of a public company stating that the bearer of instrument has the title of the shares mentioned there in.
Only Public limited companies can issue Share warrants.
It is issued only in case of fully paid shares.
After collection of the amount if the shareholder wishes, company can issue share warrant against the share certificate.
The Sanction of Central government is required to issue share warrant.
Articles must provide for issue of share warrant.
Heavy stamp duty is to be paid on the issue of share warrant.
Share Warrant is a negotiable document. Anyone holding the instrument can get the ownership of shares.
