Easy way to learn and memorized – class 12th – S.P – Notes of source of business finance – Discussion – Share Certificate and Share warrant – HSC Board – Difference between share certificate & Share warrant , Distinguish between Share Certificate & Share warrant – sources of business finance – Secretarial Practice – Notes, & Distinguish Between – according to the New Textbook for HSC Board – Difference between, Study material, studies notes, study notes.
| Sr.No | Points | Share Certificate | Share Warrant |
| 1. | Meaning | A share certificate is the registered document of title to the shares, issued by the company under its common seal. | A share warrant is a bearer document share issued by the company under its common seal, duly stamped & signed by at least two directors of the company. |
| 2. | To whom issue the document? | Both private as well as public companies | only by public limited companies. |
| 3. | Time of Issue | A company initially (at first) has to issue share certificate. | It is issued only in case of fully paid shares. |
| 4. | Approval | Share certificate doses not require the approval of the central government. | share warrant requires prior approval of the central government. |
| 5. | Transfer | share certificated is a registered document of the title to the share. | share warrant is a bearer document it can be transferred. |
| 6. | Provision in the Articles | Provision to issue share certificate is not necessary in Articles. | Articles must provide for issue of share warrant. |
| 7. | Stamp Duty | The stamp duty on issuing share certificate is nominal. | Heavy stamp duty is to be paid on the issue of share warrant. |
| 8. | Negotiability | Share Certificate is not a negotiable (transferable) document. | Share Warrant is a negotiable document. Anyone holding the instrument can get the ownership of shares. |
| 9. | Distribution of dividend | dividend is paid through dividend warrant posted by the company at the registered address of the members. |
Dividend is paid though dividend coupon. |