Only Public Limited Companies have the right to issue share warrant True or False ........

Companies Act-Phase (I & II) Share capital and debentures

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Only Public Limited Companies have the right to issue share warrant. True or False.

True

False

Partly True

Partly False

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Explanation:

Only public limited companies have the right to issue share warrant. The transfer of share certificate can be done by executing a valid transfer deed. The transfer of share warrant can be done by mere hand delivery. Prior approval of Central Government is required for issuing Share Warrant.

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