Part 1 Arrangements for Conversion and Cancellation of Existing Share Warrants
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

SCHEDULE 4 Abolition of Share Warrants to Bearer

Section 84

Part 1 Arrangements for Conversion and Cancellation of Existing Share Warrants

Right of surrender during surrender period

1

(1)     This paragraph applies in relation to a company which has issued a share warrant which has not been surrendered for cancellation before the day on which section 84 comes into force (the “commencement dateâ€).

(2)     During the period of 9 months beginning with the commencement date (the “surrender periodâ€) the bearer of the share warrant has a right of surrender in relation to the warrant.

(3)     For the purposes of this Schedule, if the bearer of a share warrant has a right of surrender in relation to the warrant, the bearer is entitled on surrendering the warrant for cancellation—

(a)     to have the bearer's name entered as a member in the register of members of the company concerned, or

(b)     where an election is in force under section 128B of the Companies Act 2006 (option to keep membership information on central register) in respect of the company, to have the bearer's name and other particulars delivered to the registrar, and the document containing that information registered by the registrar

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