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Conditions for issue of share warrant

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked almost 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

(1) Only a public company limited by shares can issue share warrants.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

(1) Only a public company limited by shares can issue share warrants. (2) Share warrants cannot be issued originally. Only share certi­ficates for fully paid shares can be converted into share warrants. (3) The articles of association must authorize the issue of share warrants. (4) Approval of Central Government must be obtained for issuing share warrants.

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