|
Sr. |
Basis |
Share certificate |
Share warrant |
|
|
Time of issue | A share certificate can be issued at any stage without the shares being fully paid up | A share warrant can be issued on when the shares are fully paid up. |
|
|
Transfer | A share certificate cannot be transferred | A share warrant can be transferred by the mere delivery. |
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|
Membership | The holder of the share certificate is a member of company. | The holder of the share warrant is not the member of the company unless the Articles otherwise provided. |
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|
Which company can issue | A share certificate can be issued by public and private company both. | A share warrant can be issued by a public company only. |
|
|
Approval of Central Government | The issue of share certificate does not require the approval of Central Government. | A share warrant can be issued only if the Articles |
|
|
Petition | A petition on winding up can be presented by the holder of share certificate. | The holder of share warrant cannot do so. |
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|
Stamp duty | Stamp duty is payable on the transfer of shares in a share certificate. | No stamp duty is payable. |
|
|
Coupons | No coupons of dividend are attached to a share certificate. | A coupon for dividend may be attached to share warrant. |
What is the difference between share certificate and share warrant?
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very nyc leaf of co law on share warrant.and what are the statutory forms of articles and memorandum of association