Sr.

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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.
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.
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.
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.
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1 Comment
  1. demian shiraho 5 years ago

    very nyc leaf of co law on share warrant.and what are the statutory forms of articles and memorandum of association

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