Amendment status not verified — confirm the current text below against the official source.
Substituted by Act 07 of 2016 w.e.f. 1.4.2016. 49.Share warrants—To bearer iss- ued under the Companies Act, 1956 (Central Act I of 1956) EXEMPTIONS Share warrant when issued by a company in pursuance of section 114 of the Companies Act, 1956, to have effect only upon payment as composition for that duty to the Deputy Commissioner of Stamp-revenue, of,— (a)one and a half per-centum of the whole subscribed capital of the company, or (b)if any company which has paid the said duty or composition in full subsequently issues an addition to its subscribed capital one and a half per-centum of the additional capital so issued.