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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies Act Section 115: Share warrant issuance requires register update; non-compliance leads to fines for company and officers.</h1> Under Section 115 of the Companies Act, 1956, when a company issues a share warrant, it must remove the member's name from the register and record the warrant's issuance details, including the share numbers and issue date. The warrant bearer can have their name re-entered in the register upon surrendering the warrant and paying a fee. The company is liable for losses if it enters a name without warrant surrender. The bearer may be considered a company member if articles allow. Non-compliance results in fines for the company and responsible officers.
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