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of <h1>Public Companies Can Issue Share Warrants to Bearer for Paid-Up Shares with Government Approval Under Specific Conditions</h1> A public company limited by shares, if authorized by its articles and with prior approval from the Central Government, can issue share warrants to bearer for fully paid-up shares. These warrants, issued under the company's common seal, specify the shares to which the bearer is entitled and may include provisions for future dividend payments. The bearer of a share warrant is entitled to the specified shares, and ownership of these shares can be transferred through the delivery of the warrant itself.
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