Share warrant registration authorises striking original member, recording warrant particulars, and surrender enables bearer's entry as member. On issue of a share warrant the company must strike the then-registered holder's name and enter the fact of issue, a statement distinguishing each ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Share warrant registration authorises striking original member, recording warrant particulars, and surrender enables bearer's entry as member.
On issue of a share warrant the company must strike the then-registered holder's name and enter the fact of issue, a statement distinguishing each specified share by number, and the date of issue; those particulars are deemed the register entries until surrender. The bearer, subject to the articles and on surrender and payment of any Board-determined fee, is entitled to have his name entered in the register and the date of surrender entered. The company is liable for loss from entering a bearer's name without surrender and cancellation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.