In case the original share warrant is defaced, mutilated or torn, a duplicate share warrant Max be obtained, on snrrendermg the original one for cancellation to the COlllpjill just like in the case of a share certificate But where the original warrant is lost stolen or destroyed line duplicate is rarely issued and treat too UpOIZ satisfactory evidence and indemnity. The Board of Directors ma i, from time to time make rules as to the terms on whic'n (if i
51 all think hi I) a new share warrant mav be issued by way of renev al in case of de ...ement, loss or destnuction (Regn. i3 of Table A ). Generaiiv He shareholder ,cerned is required to the loss in newspapers
196 'S SECRETARIAL PRACTiCE
bat kers and deposits the coupon along with flee form al the t a : I scntinises the c oupon and checks it with the list and, if it order, issues a Zeque or cash warrant in favour of tb : The COl!pO!! is
(d) Lndgemcnt of Share Warrant for Voting Purposes. The A: of Association usually cohtai r a provision that the bearer of a share a an n shall be entitled to attend and vote at meetings, like the , if he surrenders or deposits tile share warrant with the company .vithin stipulated time (at least 2 days before the meeting). The company issue, receipt (as shown in the specimen) for the share warrant deposited and thi, also authorizes the attend and vote at the IllCei!ilg specified Tk share warrant is retunted after the meeting. For this pr,npose, the holder mgive a least two days' notice and surrender the receipt to the compam.
(e) .iurivnder of Shan: Warrant for the Issoe of Share The bearer of a snare narrart can reconvert his warrant into a share certifier t and have his name re-einereri in the Register of Members. He Cd I do so o. nia an application to the company for cancellation of the share warrant and. by surrendering it for that purpose. A fresh stamp duty and small fee prescribed by the company have also to be paid. On receipt of the application. llte secretor 's o fice checks the share warrant surrendered with the officrecords and places it be orc a Board meeting. When aothonsed by a Boa-d resolution, the share varrant is c.uueLled, a fresh share certificate is issued in the name of the holder and hls name is re-entered in the Register of Members. A specimen form of application to he nude by the holder o
(to Loss of Share Wiii r anal' When the original slhire warrant is lost or destroyed, the holder is entitled to receive a duplicate v arrant from th. company on payment Ot the requisite fee. However. as the share warrants are negotiable instrntnents. there is always a risk of misuse of the. and the company has to take great precaution before issuing a warrant.