Surrender of share warrants required: failure prompts conversion and transfer of resulting shares to investor protection fund. Form PAS-8 requires every bearer of pending share warrants to surrender warrants to the company for conversion into dematerialised shares; if warrants are not surrendered within the prescribed period, the company must convert them into shares and transfer those shares to the Investor Education and Protection Fund.
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.
Provisions expressly mentioned in the judgment/order text.
Surrender of share warrants required: failure prompts conversion and transfer of resulting shares to investor protection fund.
Form PAS-8 requires every bearer of pending share warrants to surrender warrants to the company for conversion into dematerialised shares; if warrants are not surrendered within the prescribed period, the company must convert them into shares and transfer those shares to the Investor Education and Protection Fund.
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