The shares included in any warrant shall be transferred by the delivery of the warrant without any written transfer and without registration
(1) Written application: TO convert a share certificate into share warrant, a share holder has to submit a written application. Along with the application, he has to send the original share certificate. He has also to pay the necessary stamp duty and fees for conversion. (2) Issue of Lodgement ticket: After receiving the application and the share certificate, the secretary issues a lodgement ticket. It is an official acknowledgment for the deposit of share certificate for conversion into share warrant. (3) Scrutiny documents: The secretary will then check the documents submitted by the share holder to convert a share certificate into a share warrant. To do such checking, he has to refer the register of members.
Hello The shares included in any warrant shall be transferred by the delivery of the warrant without any written transfer and without registration, and to shares so included the provisions hereinbefore contained with reference to the transfer of shares shall not apply.