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Share warrants and entries in register of members.

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..... ed to be a member, and shall enter in that register the following particulars, namely: (a) the fact of the issue of the warrant; (b) a statement of the shares specified in the warrant, distinguishing each share by its number; and (c) the date of the issue of the warrant. (2) The bearer of a share warrant shall, subject to the articles of the company, be entitled, on surrendering the warran .....

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..... if the articles of the company so provide, be deemed to be a member of the company within the meaning of this Act, for any purposes defined in the articles. (6) If default is made in complying with any of the requirements of this section, the company and every officer of the company who is in default, shall be punishable with fine which may extend to [1][five hundred rupees] for every day durin .....

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