| Q.56 | Which of the following statements is NOT true? | |
| Ans | A. A share warrant is issued only when shares are fully paid, whereas share certificate can be issued even when shares are partly paid. | |
| B. A share warrant is not a negotiable instrument, but a share certificate is a negotiable instrument. | ||
| C. The holder of a share certificate may present a petition for winding-up. But the holder of a share warrant cannot do so. | ||
| D. A share certificate can be issued both by a public and a private company, but a share warrant can be issued only by a public company. |
Correct Ans Provided: B
